27 April, 2020

Zali Steggall calls for investigation of Coalition plan to underwrite gas, hydro and coal power

Independent MP Zali Steggall has asked the auditor general to investigate a Morrison government scheme to underwrite gas, hydro and coal power, saying it lacks transparency and citing legal advice that the Coalition had no constitutional or legislative authority to introduce it.
Independent MP Zali Steggall
Independent MP Zali Steggall has written to the
auditor general, asking him to consider investigating
the power underwriting program.
Announced in late 2018 after the government abandoned Malcolm Turnbull’s proposed national energy guarantee, the underwriting new generation investment (Ungi) scheme promises public support for new dispatchable power generation projects to increase competition in the electricity grid. Twelve projects have been shortlisted, including six pumped hydro plants, five gas generators and an upgrade to the Vales Point coal-fired power plant.
Steggall has written to the auditor general, Grant Hehir, asking him to consider investigating the program “as a matter of priority”. Her letter refers to research by The Australia Institute, a progressive thinktank, suggesting the program has no constitutional or legislative standing, no guidelines or criteria to assess projects, and its development and implementation did not follow a clear process.

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