Senate debates
Monday, 16 September 2024
Questions without Notice
Energy
2:31 pm
Jenny McAllister (NSW, Australian Labor Party, Minister for Emergency Management) Share this | Hansard source
Of course, our task is actually to restore some measure of order to the energy system so that the investors who build the generation capacity that is necessary to power homes and businesses have the confidence to invest. And that is what the Capacity Investment Scheme has been designed to do. We have just been through a round of the Capacity Investment Scheme where we received very significant commitments to underwriting very significant battery capacity. We do understand the significance of this technology. What the experts tell us is that the most cost-effective way to establish a national energy market that can meet the energy requirements of Australian homes and businesses is a combination of wind, of solar, of batteries and of gas, and that is the policy setting that we— (Time expired)
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