Energy guarantee protects coal sector from renewable competition - analysis

Report says Neg will also undermine efficiency of renewable investmentThe Turnbull government's proposed national energy guarantee will protect coal generators from competition provided by renewables and batteries and undermine the efficiency of investment in renewable generation capacity, according to a new analysis.The analysis of the government's policy by Carbon and Energy Markets for the Australian Conservation Foundation also floats the idea that the Neg - which imposes new reliability and emissions reduction guarantees on Australia's energy retailers and large energy users from 2020 - could mean the existing spot market will need to be disbanded. Continue reading...