5.3 Powering a cheaper, cleaner future
5.3 Recommendation Transition Australia's exports and domestic energy demand to high-tech, low-cost, low-emission energy sources through a coordinating national strategy. Proposed sponsor: Department of Industry, Science, Energy and Resources | ||||
When this should impact: |
| Where this should impact: |
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| 5.3.1. Ensure Australia remains an energy export supplier of choice in decarbonised global supply chains by coordinating national development of low-emission energy sources. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments | |||
| Enable collaboration opportunities, shared infrastructure and regulatory consistency across jurisdictions by coordinating a national approach to energy planning. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments | |||
| Support the development of clean energy export supply chains by identifying key precincts for new low-emission energy export hubs and developing enabling infrastructure plans. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments | |||
| Grow new export industries and jobs in clean energy commodities and value-added products such as aluminium, green steel, technology and services by developing coordinated clean energy industry strategies. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments, state and territory industry departments | |||
| Increase investor certainty and enable emerging industries by developing clear, outcome-focused legislation and regulation for emerging low-emission energy technology. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments | |||
| 5.3.2 Transition Australia to a high-tech, low-cost, low-emission energy system by implementing appropriate regulatory and legislative environments, identifying opportunities to transition assets, and continuing to fund new energy technology development and adoption. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments, Australian Energy Market Operator, Australian Renewable Energy Agency | |||
| Increase investor certainty by restating commitment to collaboration through the national governance frameworks that support the National Electricity Market. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments | |||
| Make the electricity market framework fit for purpose for a decentralised, renewable system by implementing a future market design that builds on the post-2025 work by the Energy Security Board and market bodies. Proposed lead: Australian Energy Market Commission Supported by: State and territory energy departments, Energy Security Board, Australian Energy Regulator, Australian Energy Market Operator | |||
| Maintain electricity market reliability by developing and implementing a trigger-based electricity market review mechanism that is undertaken at key policy trigger points such as announcement of accelerated retirement of thermal electricity generators. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: Australian Energy Market Operator | |||
| Get the most out of existing and shared gas infrastructure by enhancing Integrated System Plan modelling to co-optimise gas and electricity systems. This will include consideration of the potential for existing gas infrastructure to transition to renewable sources, such as hydrogen or biogas. Proposed lead: Australian Energy Market Operator | |||
| Ensure new sources of gas and hydrogen help provide reliable and affordable energy to Australian homes and businesses by reviewing the application of a nationally consistent policy on potential reservation or prioritisation of new gas sources and hydrogen for domestic consumption. Proposed lead: Department of Industry, Science, Energy and Resources Supported by: State and territory energy departments | |||
| Give rural and remote communities access to clean, reliable and affordable energy by implementing an appropriate regulatory and legislative environment and funding that supports standalone power systems and micro-grids. • State and territory governments should accelerate the amendment of jurisdictional regulation and legislation to enable the implementation of standalone power systems. • ARENA should maintain funding for low-emissions standalone power systems and micro-grids. Proposed lead: State and territory energy departments Supported by: Australian Renewable Energy Agency | |||
