Via The Australian comes Queensland Energy Minister Anthony Lynham:
“We stand ready to work with a federal Labor government on integrated climate and energy policy that will give investors certainty and drive down electricity prices,” he said.
…Dr Lynham claimed there was “nothing but chaos and confusion” emerging from the Morrison government on energy policy and noted he had still not received a response to a letter, sent last month to former energy minister Josh Frydenberg, seeking further clarity on the government’s plans.
Victorian Energy Minister Lily D’Ambrosio also signalled she would work with any federal government to reduce prices, increase reliability and bring down emissions.
Energy Minister in the ACT Greens/Labor government Shane Rattenbury told The Australian the NEG was flawed policy, but that he was committed to securing the best possible version of the now scrapped policy through discussions at the Council of Australian Governments.
It all depends upon what parts of the NEG are revived. It might be workable if the emissions-intensity cap is strict and not pushed through parliament where it could be gutted by a hostile senate in future. If it would be simplified as well it would certainly be better than Angus Taylor’s garbage yesterday.
Meanwhile, the more important step of breaking the gas cartel is taking some shape, via the AFR:
Major electricity and gas suppliers are already considering external legal talent to steer them through a potential royal commission into energy in the expectation such an inquiry could be around the corner whichever party wins next year’s general election.
Large, integrated generator-retailers such as EnergyAustralia and Origin Energy are said to have held initial discussions with law firms that could pave the way to advisory contracts to help senior executives navigate the process and complexities of such an inquiry, should it be called.
The Morrison Government is not going to call a royal commission into energy. That would invite scrutiny of its relationship with big coal. A very bad political idea.
Labor might but why bother? Either put Andrew Liveras in charge of an inquiry of some sort or just push ahead with solidifying the ADGSM as a permanent, fixed price mechanism. It already exists, is a Coalition policy and political free kick, so just get to it.