Feds could compromise on NEG target review

Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 8-Aug-18

Federal Government sources have indicated that the Coalition may be open to allowing its carbon emissions reduction target to be reviewed earlier than 2024, in order to secure support for the national energy guarantee. Labor wants the emissions target to be reviewed well before this date, and it advocates holding the reviews every three years. Labor also favours allowing the emissions reduction target to be changed via regulation, but the government is refusing to back down on its requirement that changes can only be made via legislation.

CORPORATES
AUSTRALIAN LABOR PARTY, CENTRE ALLIANCE, AUSTRALIAN GREENS, VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING

Labor states keep energy plan alive

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 7-Aug-18

Labor-led state governments are unlikely to support the national energy guarantee at the Council of Australian Governments meeting on 10 August. However, the Victorian, Queensland and ACT governments have indicated that they are open to backing the NEG, although they will not make a final decision until after the policy is put to the federal Coalition’s joint party room meeting on 14 August. The NEG’s proposed carbon emissions reduction target remains a key point of contention for Labor at both state and federal level.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. ENERGY SECURITY BOARD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Labor split risks killing energy deal

Original article by Simon Benson, Michael McKenna, Samantha Hutchinson, Michael Owen
The Australian – Page: 1 & 6 : 6-Aug-18

The Labor Environment Action Network says the proposed national energy guarantee should only be supported if there is provision for carbon emissions reduction targets to be increased to match Labor’s own stated targets. Labor’s environmental wing argues that it is in the nation’s interests to resolve the impasse regarding energy policy. However, a Queensland Government source has indicated that it will not support the NEG in its current form, while Victorian Premier Daniel Andrews says his state will not back the NEG unless the Federal Government can demonstrate that its own party room will support the policy.

CORPORATES
AUSTRALIAN LABOR PARTY, LABOR ENVIRONMENT ACTION NETWORK, VICTORIA. DEPT OF PREMIER AND CABINET, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. ENERGY SECURITY BOARD, COUNCIL OF AUSTRALIAN GOVERNMENTS, GETUP LIMITED, GREENPEACE AUSTRALIA PACIFIC LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, LIBERAL PARTY OF SOUTH AUSTRALIA

Labor ponders emissions target showdown

Original article by Phillip Coorey
The Australian Financial Review – Page: 11 : 27-Jul-18

Labor is expected to support the passage of the federal government’s National Energy Guarantee in the House of Representatives. However, it is understood that Labor will seek to amend the NEG’s carbon emissions reduction target in the Senate, and it may have the numbers to achieve this. The government’s intention is that emissions be reduced to 26 per cent of 2005 levels by 2030, but Labor believes that a higher target should be set. If Labor go ahead with this strategy, it could well become a key election issue.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN GREENS, CENTRE ALLIANCE, AUSTRALIA. ENERGY SECURITY BOARD

Labor move to kill off energy deal

Original article by Ben Packham
The Australian – Page: 1 & 2 : 26-Jul-18

The Federal Government will require the support of Senate crossbenchers for its national energy guarantee, after Labor signalled that it will oppose the policy even if it is approved by the states and territories. Labor’s energy spokesman Mark Butler has described the NEG’s carbon emissions reduction target as "un­realistic" and warned that the policy will adversely affect jobs and investment in the renewable energy sector. Smart Energy Council CEO John Grimes has expressed similar concerns, while Victorian Energy Policy Centre director Bruce Mountain has questioned the need for the NEG.

CORPORATES
AUSTRALIAN LABOR PARTY, SMART ENERGY COUNCIL, VICTORIAN ENERGY POLICY CENTRE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, COUNCIL OF AUSTRALIAN GOVERNMENTS, ONE NATION PARTY, AUSTRALIA. ENERGY SECURITY BOARD, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

Power price warning to Labor states

Original article by Ben Packham
The Australian – Page: 1 & 6 : 25-Jul-18

The final version of the Federal Government’s national energy guarantee estimates that the average household’s electricity costs would fall by about $550 a year. Previous modelling had suggested that the NEG would reduce electricity bills by about $A400 a year. Meanwhile, the Energy Security Board has warned Labor-led states that investment in green energy programs will be adversely affected if they do not support the NEG at the upcoming Council of Australian Governments meeting. The ESB also says electricity prices will remain high of the NEG is not implemented.

CORPORATES
AUSTRALIA. ENERGY SECURITY BOARD, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIAN LABOR PARTY, THE AUSTRALIAN INDUSTRY GROUP, AGL ENERGY LIMITED – ASX AGL, TOMAGO ALUMINIUM COMPANY PTY LTD, CLEAN ENERGY COUNCIL LIMITED

NEG too costly, say big energy users

Original article by Perry Williams, Joe Kelly, Ben Packham
The Australian – Page: 1 & 6 : 18-Jul-18

The ACTU has expressed concern that the federal government’s proposed national energy guarantee will result in higher electricity prices and ensure that large electricity retailers retain their market power. The ACTU has also questioned whether the NEG will have much impact on carbon emissions. Major industrial users of electricity have also warned that the NEG is unlikely to result in lower electricity prices.

CORPORATES
ACTU, DOW CHEMICAL AUSTRALIA LIMITED, BRICKWORKS LIMITED – ASX BKW, RUSAL AUSTRALIA PTY LTD, RIO TINTO LIMITED – ASX RIO, QUEENSLAND ALUMINA LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA

Abbott call: pull out of Paris deal

Original article by Joe Kelly
The Australian – Page: 1 & 6 : 4-Jul-18

Former prime minister Tony Abbott says Australia should withdraw from the Paris Agreement on climate change, arguing that it would be the best way to preserve jobs and keep electricity prices down. Meanwhile, the National Party wants its proposed $A5bn government energy fund to be used to finance the construction of at least three new baseload power stations and to both increase the capacity and extend the operational life of existing power stations.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, LIBERAL-NATIONAL PARTY OF QUEENSLAND, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

Nationals to demand changes to NEG

Original article by Phillip Coorey
The Australian Financial Review – Page: 9 : 26-Jun-18

The federal government’s proposed National Energy Guarantee aims to commit power retailers to a secure electricity supply that will meet carbon emissions reduction and reliability targets. National Party MPs met to discuss the NEG on 25 June, and are understood to want its proposed mechanism to be altered so as to favour suppliers of baseload power. Some members of both the Nationals and the Liberal Party are of the view that the NEG should not have an emissions reduction component.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, BHP BILLITON LIMITED – ASX BHP, BUSINESS COUNCIL OF AUSTRALIA, NATIONAL FARMERS’ FEDERATION LIMITED, THE AUSTRALIAN INDUSTRY GROUP, MINERAL COUNCIL OF AUSTRALIA, BLUESCOPE STEEL LIMITED – ASX BSL, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

Coalition MPs may cross floor on NEG

Original article by Joe Kelly
The Australian – Page: 4 : 21-Jun-18

The Coalition remains divided on the issue of the Federal Government’s national energy guarantee, after seven MPs opposed the policy at a joint partyroom meeting on 19 June. Former prime minister Tony Abbott has warned that some Coalition MPs could vote against the policy, and he has expressed concern that senior government ministers seem to be taking the partyroom for granted. Liberal MP Craig Kelly has expressed similar sentiments, and he has not ruled out crossing the floor when parliament votes on the NEG.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL OF AUSTRALIAN GOVERNMENTS