National Energy perspective–It has taken the blackout of an...

National Energy perspective–It has taken the blackout of an entire state (South Australia), the world’s highest power prices and the intervention of the Regulator to stabilize the electricity grid, before policy action has even been contemplated.

Arguably, this situation has been clearly unfolding over the last decade as there would seem to be a strong correlation between increased penetration of intermittent energy (renewables), grid stability, and increasing electricity prices during this period.

The Federal Government has now attempted to address faltering east coast energy systems
with the introduction of the National Energy Guarantee (NEG) on the electricity supply front, and the
Australian Domestic Gas Security Mechanism (ADGSM) to address gas supply issues.