The Energy Security Board (EBS) has released its final proposed design for the National Energy Guarantee and associated electricity market modelling. This brief outlines the key take-home points for Victoria from the ESB’s modelling which are:
- The Victorian Renewable Energy target will contribute to lower power prices in Victoria
- Additional renewable energy will further depress prices and moderate the impact of coal power station closure
- Under the Turnbull government’s emissions target, investment in renewable energy will stall in the absence of the Victorian Renewable Energy Target.
Read it below, or download it here.