QUESTION ON NOTICE No 455

23 Mar 2017 8:44 AMMichael Hart
 

QUESTION ON NOTICE

No. 455

asked on 23 March 2017

MR M HART ASKED THE MINISTER FOR MAIN ROADS, ROAD SAFETY AND

PORTS AND MINISTER FOR ENERGY, BIOFUELS AND WATER SUPPLY (HON

M BAILEY)—

QUESTION: With reference to Australian Energy Market Office’s (AEMO) submission

to the Expert Panel on Renewable Energy, in particular pages one and five outlining

its concerns about Queensland Labor’s 50 per cent renewable energy policy and the

accuracy of modelling— Will the Minister advise if he has acted on the

recommendation by AEMO to undertake additional modelling to properly understand

the damaging effects of the Palaszczuk government's 50 per cent Renewable Energy

Target and if not, is the Minister concerned about the effects on household power

prices and energy security?

ANSWER:

I thank the Member for the question, and note that despite extensive consultation

undertaken by the independent Renewable Expert Panel, no written submission

identifying any concerns was received from the Member.

I have confidence in the Expert Panel’s modelling which found that all generators

would remain profitable with a 50% renewable energy target, and that the target

would be broadly cost neutral to electricity consumers over the 13 year period.

The Expert Panel considered AEMO’s submission and undertook further modelling in

finalising their report but there are a number of factors which the AEMO submission

did not take into account, namely that:

Queensland has the four youngest, most efficient coal-fired generators in the

National Electricity Market which are well placed to continue operating

alongside a larger share of renewables;

Three of these generators are owned by the Queensland Government, giving

the Government greater control through the transition; and

In addition, 20 per cent of Queensland’s energy mix is flexible gas-fired

generation which enables the system to ‘ramp up’ quickly if required.

The Palaszczuk Government is also strongly supportive of the Finkel Review

process, and will continue to work through COAG Energy Council and with AEMO to

implement national market reforms needed to integrate a larger share of renewable

energy.

Queensland currently has 7% renewable energy and the Palaszczuk Government

remains firmly committed to a planned and measured approach to increasing

renewable energy that maintains stable electricity prices and a secure and reliable

system.

 

 

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