The Clean Energy Target is gone, so what have we got instead? And what does a National Energy Guarantee mean for consumers?

Malcolm Turnbull has unveiled his shiny new energy policy, complete with its own three-letter acronym to replace the doomed Clean Energy Target.

A National Energy Guarantee is central to the Coalition's new policy.

The Government claims the new plan — including a National Energy Guarantee, or NEG — will be kinder to hip pockets and will reduce emissions enough for Australia to uphold its end of the Paris climate change agreement.

Here's what it all means.

The Government is effectively putting the onus on retailers to guarantee (the G in NEG) two things: reliable supply and emissions reduction.

Read the ABC News story - “The Clean Energy Target is gone, so what have we got instead? And what does a National Energy Guarantee mean for consumers?”