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COAG Energy Council meeting

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THE HON JOSH FRYDENBERG MP Minister for the Environment and Energy


Media Contact: Dan Cronin - 02 6277 7920

25 July 2016



The next meeting of the Council of Australian Governments (COAG) Energy Council will be held on 19 August in Canberra.

Established in 2013, the COAG Energy Council is the principal body for national energy policy discussion and reform and meets twice a year.

The energy sector is undergoing a major transition, driven by changing technologies, innovative new energy service businesses, renewable energy policy and increasing consumer engagement.

The August meeting, to which all state and territories have been invited, provides a timely opportunity to discuss recent developments in South Australia and to strengthen cooperation between state, territory and federal governments to ensure energy markets remain stable and secure.

Key items for discussion will include:

 adapting to the transformation of energy markets, ensuring a greater use of renewables and new technologies, like battery storage, can be effectively integrated into the future energy mix;

 gas prices and supply, to promote gas market reform to ensure prices are competitive. This will include consideration of the recommendations from the Australian Energy Market Commission review and Australian Competition and Consumer Commission (ACCC) report into the competitiveness of wholesale gas prices; and

 ensuring energy investments are made in the long term interests of energy consumers.

This meeting follows the success of the December 2015 meeting, where ministers committed to a deeper programme of cooperative work around gas supply, including establishing an annual unconventional gas activities report to provide a consistent, national information source on activities across all jurisdictions.

There was also a productive videoconference held in April this year, following the release of the ACCC report, which allowed Energy Council ministers to discuss the report’s recommendations in advance of the August meeting.

I look forward to working with my state and territory colleagues as we seek to put in place policies that provide for a lower emissions future while ensuring affordable, accessible and stable energy supply.