Public Policy Papers

Public Policy Paper #7/2016: Investing in Electricity Infrastructure in a Low-Carbon Era

Author: Robert Pritchard, Energy Policy Institute of Australia

Key Points

  • The increasing penetration of variable renewable energy (VRE) in the National Energy Market (NEM) is causing the closure of coal- and gas-fired power stations, threatening power system security and creating unmanageable risks for investors. This is giving rise to social effects for which the community is not prepared and is occurring during a period of heightened community dissatisfaction with traditional political processes.
  • The contemporary investment risk profile of each of the three main components of the power system: generation, networks and downstream supply, could not be more different.
  • There is plenty of money available for investment but electricity generation has become a ‘no-go zone’ unless it is supported by government subsidies or by power purchase agreements (PPAs).
  • Investment in electricity networks is almost the opposite - institutional investors are queuing to invest because independent economic regulation provides them with predictable long-term revenues.
  • The NEM is in need of fundamental redesign.
  • Sound economic and scientific information on energy, as well as new processes of end-user and community consultation, will be required to gain community support for the necessary reforms but the focus of reforms should be the formulation of a truly national energy vision.

pdf Click here to download the full paper

What's New

Submission to the Department of the Environment and Energy on its Public Consultation Paper:

“Underwriting New Generation Investments.” (October 2018)

pdf graphicClick here to download this submission

 

Policy Research Note: "The Likely Viability of Nuclear Power in Australia"

pdf graphicClick here to download this Policy Research Note

 

A Preliminary Commentary on the Collapse of the National Energy Guarantee

pdf graphic Click here to download this Commentary

 

Report on EPIA's April event: "What Can Australia Expect from Nuclear Energy?"

pdf graphic Click here to download this Report 

The Institute’s submission to the COAG Energy Council, August 2016.

Policy Papers

Public Policy Papers: A compendium of Key Points (to May 2018) 

Since May 2013 the Institute has published 20 Public Policy Papers.

pdfClick here to view the compendium of key points. 

 

Public Policy Papers : A Compendium of Key Points (Aug 2016)

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Since May 2013 the Institute has published twelve Public Policy Papers.

pdfClick here to view the compendium of key points.

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