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Budget 2017: government goes hard on gas and hydro in bid for energy security

By Hugh Saddler, Alan Pears, Roger Dargaville and Tony Wood

The full text of this article can be purchased from Informit.

The budget contains several measures designed to boost energy security, including: The Conversation

  • A$90 million to expand gas supplies, partly through increased unconventional gas exploration

  • a potential Commonwealth buyout of an expanded Snowy Hydro scheme

  • up to A$110 million for a solar thermal plant at Port Augusta

  • monitoring of gas and electricity prices by the Australian Competition and Consumer Commission.

Below, our experts react to the measures.

Gas price problem far from solved

Roger Dargaville, Deputy Director, Melbourne Energy Institute, University of Melbourne

The budget contains a broad range of funding in energy-related areas, with a significant focus on gas resources, making A$78 million available for onshore unconventional gas exploration and reform in the gas markets, and A$7 million for studies into new gas pipelines to South Australia, from both Western Australia and the Northern Territory.

Interestingly, there is A$110 million in equity available (but not guaranteed) for a solar thermal plant in Port Augusta. And most notably, the government has proposed purchasing the Snowy...

The full text of this article can be purchased from Informit.