Established in 2013, COAG Energy Council is the principal body for national energy policy discussion and reform, and meets biannually.
The upcoming meeting will provide a timely opportunity to discuss recent developments in South Australia and to strengthen cooperation between state, territory and federal governments to ensure energy markets remain stable and secure.
Key items for discussion will include:
- Adapting to the transformation of energy markets: ensuring a great use of renewables and new technologies, like battery storage, can be effectively integrated into the future energy mix;
- Gas prices and supply: to promote gas market reform to ensure prices are competitive. This will include consideration of the recommendations from the Australian Energy Market Commission review and Australian Competition and Consumer Commission (ACCC) report into the competitiveness of wholesale gas prices; and,
- Ensuring energy investments are made in the long term interests of energy consumers.
Minister for the Environment and Energy Josh Frydenberg says he is optimistic about building on the progress made in previous meetings and discussions.
“I look forward to working with my state and territory colleagues as we seek to put in place policies that provide for a lower emissions future while ensuring affordable, accessible and stable energy supply,”? said Mr Frydenberg.
The previous COAG Energy Council meeting saw ministers commit to a deeper programme of cooperative work around gas supply, including establishing an annual unconventional gas activities report to provide a consistent, national information source on activities across all jurisdictions.