Editor's note

Goodbye Clean Energy Target, hello National Energy Guarantee. As expected, the Turnbull government has turned its back on Alan Finkel’s clean energy proposal and unveiled a new energy policy - one it says will help meet our climate goals, ensure reliable power, and save the average household up to $115 a week.

The plan will require electricity retailers to do two things: provide a certain amount of electricity from “dispatchable” sources such as hydro, batteries or gas; and drive down greenhouse emissions by 26% relative to 2005 levels by 2030.

Our at a glance guide tells you what you need to know. And as the Grattan Institute’s David Blowers argues, while it’s not the best possible policy, it could finally deliver some sorely needed certainty.

Michael Hopkin

Environment + Energy Editor

Top story

Minister for Energy Josh Frydenberg, Deputy Prime Minister Barnaby Joyce and Prime Minister Malcolm Turnbull during a press conference. AAP Image/Mick Tsikas

How the National Energy Guarantee could work better than a clean energy target

David Blowers, Grattan Institute

The new policy will put the onus on electricity retailers to cut emissions while guaranteeing reliability. And while the scheme isn't perfect, it offers a rare opportunity for bipartisanship.

At a glance

  • Infographic: the National Energy Guarantee at a glance

    Michael Hopkin, The Conversation; Madeleine De Gabriele, The Conversation; Wes Mountain, The Conversation

    The National Energy Guarantee promises to make electricity supply more reliable, cheaper and less polluting.

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