Energy Networks Australia welcomes the announcement of the terms of reference for the review of carbon policy in 2017.

Energy Networks Australia Chief Executive Officer, John Bradley, said the scope of the review was sufficiently broad to allow a comprehensive and evidence-based review of Australia’s carbon policy framework.

“We welcome the focus in the Review on the outcomes which are important to customers – achieving least cost carbon abatement without compromising energy security,” Mr Bradley said.

“After the last decade, the most important design feature of Australian carbon policy is stability – a volatile carbon policy means higher costs or less reliable supply.

“It’s important that Australia achieves a stable, enduring carbon policy which minimises unnecessary risk for investors in energy infrastructure, including long life grid assets, innovative new technologies and distributed energy resources.”