Australia’s major companies have called for a number of major shortfalls in the nation’s electricity network to be addressed in a BCA submission to COAG's new national energy reform group.
The submission, to the COAG Energy Reform Implementation Group (ERIG), calls on governments to:
- Significantly improve transmission planning and make it nationally based.
- Allow for the consistent inclusion of competition benefits in the current regulatory test
for transmission investment.
- Improve the firmness of interregional financial trades.
- Move away from state-based regions in the national electricity market for settling prices.
- Regions must reflect market needs rather than political boundaries.
- Remove government market interventions such as the Electricity Tariff Equalisation Fund (ETEF).
- Not allow one company to own both transmission and generation assets.
- Ensure common and predictable greenhouse policies across Australia.
- Create a more liquid and transparent gas market with more effective financial investments.