Face of Nation : Mr Taylor revealed the figure in an invitation to state and territory energy ministers to the a COAG Energy Council meeting to be held in Perth on November 22.
It is the first such meeting since December 2018. “This will be an important meeting to progress key priorities of accountability, transparency, and reliability of the grid,” Mr Taylor said.
“Addressing these priorities together is fundamental to our continued efforts to bring down power prices and ensure long-term energy security for all Australians.” He said updated figures show the 26 per cent emissions reduction in the National Electricity Market would be reached by 2022.
But at the same time changes in the energy market had also led to “significant reliability challenges, unsustainable wholesale prices, and unforeseen cross-border impacts for some jurisdictions”, he said.
Labor has been critical of the delay in convening the ministerial meeting, saying it was jeopardising the work of regulators and impeding investment in the energy sector.
