Tagged With finkel review

Malcolm Turnbull has once again pushed the idea of a "technology neutral" approach to energy policy, after scrapping the Clean Energy Target recommended by Australia's Chief Scientist Dr Alan Finkel - which Tony Abbott had previously referred to as a "tax on coal". The CET will now be replaced with a National Energy Guarantee, a scheme with a focus on reducing power bills and guaranteeing reliability through focusing on so-called "dispatchable" generation.

With the price of energy from new wind or solar rapidly dropping below that of traditional fossil fuels, renewable energy feels like a no-brainer for Australia. Yet despite massive strides in efficiency and affordability, we still can't generate solar energy while the sun isn't shining, or run wind turbines while the wind isn't blowing. What we can do, however, is store that energy while conditions are good, and save it for a rainy day.

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You may have heard about Australian Chief Scientist Alan Finkel's review into Australia's electricity network. You may also have read about its implications on the industry or the environment, but you're probably still wondering -- what will it mean for you and your electricity bill? Read on to find out everything you need to know about the Finkel review's blueprint for Australian electricity.