Before final sign off of the National Energy Guarantee, ACOSS are calling on COAG Energy Ministers to ensure people – NOT big corporations – get the full benefit from the Guarantee and that the target setting process supports rapid emissions reduction in the electricity sector.

COAG Energy Ministers have agreed to continue negotiations around the National Energy Guarantee (NEG), including releasing details of legislation for consultation before a final decision is made.

Dr Cassandra Goldie, CEO of ACOSS, says a better arrangement for households and small business is worth fighting for. 

“While we want to see a national energy policy in place that can rapidly reduce emissions and lower energy prices from their current high levels, it’s critical we get the final policy settings right,” says Dr Goldie.

“Unless two key changes are made, the National Energy Guarantee won’t deliver for people who are struggling including households, farmers, small businesses and people on low incomes.

“In the current design of the National Energy Guarantee, some of our biggest corporations, like oil and gas companies, are being given special treatment, leaving the rest of us to carry their costs.

“Giving big corporations cheaper energy, while expecting people in Australia to pay more for their energy bills – and forgoing the full benefit of the National Energy Guarantee – is nonsensical and unfair.

“Further modelling needs doing to demonstrate why big corporations are getting different rules. If the modelling shows additional support for those corporations is needed, that support should come from our Government’s budget, rather than be smeared across people’s electricity bills. 

“We are also concerned the National Energy Guarantee’s emissions reduction target is woefully inadequate and will mean Australia will fail to contribute to global efforts to avoid more dangerous climate change.

“The federal Governments legislation to set emissions reduction targets for the electricity sector must include the capacity to easily increase the targets and ensure we cannot retreat from where we are.

“If COAG Energy Ministers can agree to not give special treatment to some industries and ensure the target setting process supports rapid emissions reduction in the electricity sector, the National Energy Guarantee could provide the basis for stable and durable emissions reductions framework.

Post expires at 1:41pm on Tuesday September 11th, 2018

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