The Select Committee on Energy Planning and Regulation has conducted a consultation that will inform its inquiry into the institutional structures, governance, regulation, functions, and operations of the Australian Energy market. 

The rapid decarbonisation of the electricity and energy system is essential for Australia to meet its obligations under the Paris Agreement.

Electricity generation is the nation’s largest source of greenhouse gas emissions.

The adoption of renewables will reduce emissions by approximately one-third and will have powerful flow-on effects for other sectors of the economy.

However, the transformation is complex.

It requires governance and planning that considers evolving energy generation, transmission and storage technologies, changing market and regulatory conditions, and emerging opportunities in renewable energy and resource exports. 

The recommendations in this submission will enhance the operation of the energy system and ensure it delivers the rapid net zero transformations needed.