Energy sector - specific findings

63.  Lack of certainty on national and international approaches to dealing with climate change directly affects investment in the energy sector.

64.  Demand for electricity infrastructure is projected to grow significantly slower than GDP.

65.  There is expected to be sufficient electricity generating capacity for at least the next five to 10 years.

66.  The National Electricity Market is functioning well. However, several regulatory issues will require attention, including tariff reform to reduce peak period demand.

67.  There is a need for continued government assistance to support electricity supply in remote communities where generation is not able to be provided on a commercial basis.

68.  Australia's dependence on imported fuel has increased. The current arrangements for managing petroleum reserves and ensuring energy security deserve wider public policy consideration.