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New Energy Compact
People centred vision for the Australian Energy System
What is the New Energy Compact
The New Energy Compact, is an initiative of The Australian Council of Social Services (ACOSS) and the Total Environment Centre (TEC) with the support of Energy Consumers Australia (ECA).[1]
The New Energy Compact is a people centred vision for the Australian energy system. The purpose of the Compact is to instill a new vision and principles that reflects the values of people, is future focused and is used by decision makers to guide policy and reform for an inclusive, affordable, dependable and clean energy system.
Why do we need a New Energy Compact
The energy system is changing rapidly, from a centralised, one-way system, owned and managed by State governments. The social contract to supply energy was between governments and the Australian people.
Now ownership is mixed between government, private businesses and millions of individually owned infrastructure in people’s homes and businesses, in the form of more renewable, de-centralised, and variable energy with two-way flows. People are no longer just buying energy, but are also generating, storing and trading, as well as consuming their own energy.
In addition, tackling climate change is a priority for people and Australia’s commitments to Paris Agreement and the Sustainable Development Goals.
The old social contract has become fractured. In this process, trust has been lost, energy is unaffordable for some, others are unable to benefit from the transformation taking place and we urgently need to decarbonise our energy system.
How you can inform the development of the New Energy Compact
The development of the New Energy Compact is a collaborative process, informed by expert advice and insights from consumers and a range of stakeholders, as well as international and domestic research on what people expect from their energy system.
Domestic and international research
We value the perspectives of all stakeholders and are now seeking broader feedback on this Consultation Draft 4.0, which you can download here as a pdf, with a view to releasing the first edition of the New Energy Compact in the second half of 2020.
Please send your feedback to Kellie Caught, ACOSS, e: [email protected] or m: 0406 383 277 or contact Kellie to organise a direct briefing.
Closing date for feedback 31st of August 2020
[1] The process to develop the New Energy Compact has been supported by Australian renewable Energy Agency (ARENA), Australian Energy Markets Commission (AEMC) and the Australian Energy regulator (AER)