Australian Energy Council and Energy Networks Australia Communique

A national meeting of the chief executives of Australia’s leading energy retailing, distribution, transmission, generation and other service businesses agreed that:

• Australia’s energy system needs urgent, national reform to energy policy and regulation to deliver a reliable and affordable transformation. This transformation is already well advanced.It is occurring on multiple fronts:reduced greenhouse emissions, increased energy productivity, improved customer service and greater involvement in energy supply and use by customers.
• A critical measure of successful reform is that all energy investors – including consumers, new entrants, incumbent generation businesses and energy networks – will have sufficient certainty to ensure efficient investment without political risk.