On 17 February, Infrastructure Australia (IA) published its first ‘Australian Infrastructure Plan‘ that, IA claim ‘provides a positive reform and investment roadmap for Australia’. The Plan outlines the infrastructure challenges and opportunities over the next 15 years and proposed solutions to drive productivity growth, maintain and enhance living standards.
IA’s Plan sets out 78 recommendations for reform and is designed to address current infrastructure gaps and the recommendations prioritise end users.
In the energy sector, IA recommends four strategies which are reproduced below.
- All governments should transfer remaining publicly-owned energy assets to private ownership.
- Australia’s electricity and gas markets should move to full retail price deregulation as soon as possible, drawing on advice from the Australian Energy Market Commission.
- States and territories should introduce more flexible network tariffs to manage peak demand, supported by the competitive rollout of new metering technologies.
- All governments should update regulations to better suit new opportunities of a rapidly changing renewable energy market.