logo

49029 - Energy Policy in Australia: Doc

   

Added on  2020-03-02

9 Pages1451 Words28 Views
Running head: ENERGY POLICY IN AUSTRALIAEnergy Policy in AustraliaName of the StudentName of the UniversityAuthor note
49029 - Energy Policy in Australia: Doc_1
1ENERGY POLICY IN AUSTRALIA Table of ContentsIntroduction................................................................................................................................2Essence of the Story...................................................................................................................2Economic theories and concept..................................................................................................3Supply shortage and high price in the electricity market.......................................................3Free market.............................................................................................................................5Government intervention and efficiency................................................................................5Recommendation........................................................................................................................5Conclusion..................................................................................................................................6References..................................................................................................................................7
49029 - Energy Policy in Australia: Doc_2
2ENERGY POLICY IN AUSTRALIA Introduction Energy is the basis source of economic activity. Any disturbance in the supply notonly affects the daily life but also hampers production activity. In Australia, this major sectoris going thorough different problem. One serious problem is the excessively high priceresulting from the supply shortage. Therefore, energy ministry in Australia is focusing on asecurity on the supply side. Alternative sources are welcomed in addition to the existingsources. In the report, a close look is made on ministry’s reliance on newly build coal plantsfor an undisturbed electricity supply. Essence of the StoryThe coal based energy plants are generally considered inefficient because of hugeemission of pollutant wastes and gases. However, the new coal plants are built with anadvanced technology. In the new plants, advanced energy efficient technologies are installedto reduce the emission. With this improvement, these plants have become new source ofenergy supply and expected to solve the problem of supply shortfall. Josh Frydenberg, theenergy minister is in support of this energy mix strategy. In a recent press conference,concern is shown for the new plants and federal government even agrees to provide necessarysupport (theguardian.com 2017). However, any intervention is the energy market is promisedto be made without hampering its free market environment. As like supply, Australianeconomy can experience a mix of free and regulatory market.Government is taking time to make any firm decision because objective of thegovernment is to not only provide an uninterrupted power supply but also meet its target ofclean energy mission (Gillingham et al. 2013). Support of the government to the new plants issubject to its support from free market forces. Policymakers in the nation are trying to make
49029 - Energy Policy in Australia: Doc_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Hi5003 - Energy Policy in Australia Report
|8
|1444
|171

Energy Policy in Australia - Economics for Business
|8
|1410
|58

Assignment Renewable Energy | Australia
|8
|1509
|54

Australia’s Stand On Renewable Energy
|8
|1537
|494

Concept of Economics for Business | Article
|7
|1435
|46

Australia’s Stand on Renewable Energy
|10
|1556
|435