More supply, more suppliers, and more domestic-only tenements will be needed needed to solve Australia’s East Coast gas crisis and underpin future investment in Australian manufacturing.
Manufacturing Australia welcomes the announcement by the Federal ALP that it would, if elected, implement a range of measures intended to reduce gas prices for domestic customers.
Manufacturing Australia strongly supports the draft final design of the National Energy Guarantee (NEG) and urges Federal, State and Territory Governments to seize the sensible middle ground by endorsing the policy when they meet on Friday.
The ACCC’s final Retail Electricity Pricing Inquiry report offers practical recommendations to boost competition, encourage new entrants and de-risk long term power sector investments. It deserves clear-eyed consideration by State and Federal governments, energy producers and customers alike.
This is not a time for Australia to be naïve: a trade war could significantly harm domestic industry and jobs.
Manufacturing Australia today welcomed the government’s new energy plan, saying it was right to focus on affordability and reliability alongside emissions reduction, and encouraging all parties to make a “clear eyed assessment” of the plan.