COAG Energy Council 5th Meeting Communique, COAG, 19 Aug 2016
Ministers met at a time of significant change in Australian energy markets due to the transition to low-carbon emissions. There is increased reliance on renewable energy and rapid technological change. Recent events in South Australia have led to discussions on the integration of energy and climate change policy.
The international price of LNG and the need for improved access to domestic supply is contributing to higher wholesale gas prices. Significant reports on gas market reform from the Australian Competition and Consumer Commission (ACCC) and Australian Energy Market Commission (AEMC) now provide a strong evidence base and momentum for action.