The State’s peak business organisation, the NSW Business Chamber, welcomes the commitment of the Australian and State Governments to proceed with the final design of the National Energy Guarantee, but has stressed the importance of finalising arrangements in 2018.
“Australian businesses and households need to see improvements in energy affordability now,” said NSW Business Chamber Chief Executive Stephen Cartwright.
“This is an issue requiring a bipartisan and focused approach from the Australian and State Governments. Energy security and affordability must be above politics and political point scoring, Mr Cartwright said.
“The Chamber has long argued for a national approach to energy supply (supported by State governments) to deliver greater certainty for investors and consumers.
“In the design of a national approach there will be a need for State governments to repeal measures that contradict this approach and needlessly add to the cost of energy to business and households.
“The ultimate measure of success of the National Energy Guarantee will be downward price pressure on the supply of electricity and natural gas.
“Australian businesses are paying some of the highest energy prices in the world, which is crazy given Australia is blessed with strong reserves of natural resources, an abundance of sun and significant capability in solar, wind, micro-grids, energy storage, ocean energy, hydro power, geothermal and bioenergy.
“Australia can’t afford more flip-flopping on energy policy. We need to get a national energy policy that provides certainty, improves energy affordability and security and reduces emissions before the end of 2018,” Mr Cartwright said.