Australia’s slow march towards a National Energy Guarantee is gathering pace

The finer policy details of the of the proposed National Energy Guarantee (NEG) have begun to leak onto newspaper front pages and websites, ahead of Friday’s crucial meeting of federal and state energy ministers.

Is the long journey towards a bipartisan emissions policy nearing its end?

The good news is that the leaked information suggests solid progress has been made over the past couple of months on both the emissions and reliability components of the policy.

Many of the more extreme and dramatic suggestions contained in the Energy Security Board’s February consultation paper appear to have died a quiet death. What we’re left with is a more sober proposal that does its best to use existing markets and practices – more evolution than revolution.

Read the story from The Conversation by a Grattan Institute Energy Fellow, David Blowers - “Australia’s slow march towards a National Energy Guarantee is gathering pace.”