2024 Policy Priorities
Energy
SACOME calls on the South Australian Government to focus on measures that provide certainty to industry, increase system stability, and lower costs while assisting industry in the process of decarbonisation.
Independent analysis commissioned by SACOME in 2023 confirmed that South Australia’s energy transition has cost hundreds of millions in system security costs, market interventions, infrastructure upgrades and energy transition measures since 2016, with costs continuing to escalate. These costs continue to be disproportionately borne by industry. Acknowledging the deeply complex nature of the energy market, coupled with the need to rapidly decarbonise the economy, SACOME continues to advocate for an Energy Transition Roadmap that accounts for the whole cost of the energy transition and minimises costs for the South Australian resources sector while allowing heavy industry to decarbonise in an orderly manner. Affordable and reliable power remains critical to the economic viability and continued operation of commercial and industrial operators in South Australia |
Energy Transition Roadmap
SACOME calls for the prompt development of the South Australian Government’s Energy Transition White Paper and the abolition of the Retailer Energy Productivity Scheme for large industrial users. SACOME continues to highlight the true cost of the energy transition to commercial and industrial operators and commissioned a peer-reviewed analysis regarding the cumulative costs of market interventions as part of its comprehensive response to the Government’s Green Paper on the Energy Transition. Further information here |
Carbon Abatement Technologies
SACOME calls on the State Government to implement policies that incentivise the development of carbon abatement technologies such as Carbon Capture and Storage (CCS). Commercial CCS offers a viable pathway to reducing emissions and positions Australia to continue as a leading energy exporter and manufacturer of energy-intensive materials. Further information here |
Nuclear Readiness
SACOME recommends that relevant State authorities such as InfrastructureSA and the South Australian Productivity Commission are funded to undertake analysis of the International Atomic Energy Agency’s Milestones Approach and supporting guidance to ensure South Australia’s readiness as part of a national nuclear program. South Australia has been at the forefront of the energy transition nationally, with over 70% of our energy generation coming from renewable sources. However, this transition has significantly impacted the State’s commercial and industrial base, with recent SACOME analysis identifying that system security costs charged by AEMO have escalated by over 200% since 2016, with no signs of this trend abating. Further information here |