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A looming energy storage shortfall has promoted renewed calls from the renewable energy industry for a national renewable energy storage scheme. The scheme would consist of a series of large-scale project tenders designed to unleash desperately needed investment.
Jeff Kennett, the former Victorian premier who privatised the State Electricity Commission in the 1990s, has blasted Premier Daniel Andrews as a dangerous socialist who will return Victoria to being a “rust bucket state”.
Daniel Andrews has promised $1 billion for public-owned energy generation, but few see it as depressing wholesale prices massively.
The electricity market must now comply with a national objective to cut greenhouse emissions following a meeting of energy ministers in Canberra.
A meeting of Labor-dominated energy ministers has dumped the need to include coal in any future energy grid capacity mechanism.