This report provides a roadmap developed to inform the future decisions of stakeholders in the CST sector and the Australian energy sector more broadly.
In October 2016, the Council of Australian Governments (COAG) Energy Council (Energy Council) sought a blueprint to underpin the orderly transition of the national energy system. The need for a blueprint came about because of an increasing number of concerns from stakeholders arising from interruptions to supply across the market due to a vast range of rapid and transformative changes.1 The Energy Council believed these changes should be managed better and in a coordinated way.
The Energy Council appointed a panel of experts, headed by the Chief Scientist Professor Alan Finkel, to undertake a review of the National Energy Market (NEM) and produce a blueprint for its future. The expert panel released its final report, Independent Review into the Future Security of the National Electricity Market: A blueprint for the future (Finkel Review) in June 2017. The Finkel Review focussed on delivering four key outcomes for Australia’s electricity consumers: increased energy security, future reliability, rewarding consumers with lower costs and reducing emissions.