Energy transmission industry ramps up call for market mechanism and says clear regulation could lead to zero net emissions by 2050

Australia’s electricity and gas transmission industry has intensified a call for a market mechanism to drive orderly transformation in the energy sector, warning a lack of clear regulation will result in higher prices for consumers and a less secure grid.

Energy Networks Australia (ENA) says clear policy settings could ultimately save Australian energy customers $100bn, and allow a smooth transition, where large-scale variable renewable energy can be integrated securely, creating the prospect of Australia’s electricity sector achieving zero net carbon emissions by 2050.

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