THE Federal Government has announced a new plan to deliver “affordable and reliable electricity” after dumping the Clean Energy Target (CET).
Prime Minister Malcolm Turnbull confirmed the new power plan in a video posted on his official Facebook page today.
It comes after he presented the energy plan to the Coalition party room on Tuesday following cabinet’s decision overnight to drop the CET, which was recommended by Australia’s Chief Scientist Dr Alan Finkel.
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“Your power bills are too high, and rising too fast” Mr Turnbull says in the clip.
“So I want to tell you first about our plan to deliver cheaper, more reliable electricity for Australian families and businesses.”
Mr Turnbull said the plan was made up of two parts, including:
- A reliability guarantee to ensure that energy is always available
- An emissions guarantee to contribute to Australia’s international commitments
- The Guarantee builds on our existing energy policy including:
- ensuring energy retailers offer consumers a better deal
- delivering more gas for Australians before it’s shipped offshore and
- building Snowy 2.0 to stabilise the system
- stopping network companies gaming the system