Australians could save $100bn on electricity ‘if government had clear policy’ HomeNewsEnergy UpdateAustralians could save $100bn on electricity ‘if government had clear policy’

Energy transmission industry ramps up call for market mechanism and says clear regulation could lead to zero net emissions by 2050

Australia’s electricity and gas transmission industry has intensified a call for a market mechanism to drive orderly transformation in the energy sector, warning a lack of clear regulation will result in higher prices for consumers and a less secure grid.

Energy Networks Australia (ENA) says clear policy settings could ultimately save Australian energy customers $100bn, and allow a smooth transition, where large-scale variable renewable energy can be integrated securely, creating the prospect of Australia’s electricity sector achieving zero net carbon emissions by 2050.

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