New Energy Security Corporation to Invest in Clean Energy and Fines for Leaking Secret Info
Energy Security Corporation Bill 2024
Legislative Assembly
Legislative Council
Assent
Topics
clean energy corporate governance energy infrastructure energy security government accountability government reporting information sharing public finance renewable energy
Introduced by: The Hon Jihad Dib MP (ALP); The Hon Penny Sharpe MLC (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Mark Latham IND
“The Energy Security Corporation Bill 2024 is a very interesting piece of legislation. At one level, it shows that Government members, for all of the rhetoric and bluster, are not all that opposed to electricity privatisation. They are taking $1 billion from the Restart NSW Fund to fund their so-called transition. They found an electricity use for electricity privatisation proceeds.”
“I contribution to debate on the Energy Security Corporation Bill 2024. The bill was a key promise of the new Labor Government. I support it on behalf of the Legalise Cannabis Party and all people who want to see a responsible transition to a net zero future in this State. I begin by responding to some of the comments made in the contribution by the Hon. Mark Latham.”
Abigail Boyd GRN
“On behalf of The Greens I contribute to debate on the Energy Security Corporation Bill 2024. It is wonderful to see investment and leadership to address climate change from the Government. There is a clear and obvious link between climate change and energy policy, and dedicated effort and resources are required to deliver a safe and prosperous future for us all.”
Natalie Ward LIB
“I lead for the Opposition in debate on the Energy Security Corporation Bill 2024. At the outset, I thank James Griffin, shadow Minister for Energy and Climate Change in the other place, for his diligent work and assistance on the bill and in respect of energy security issues.”
Penny Sharpe ALP
“I also thank the shadow Minister for Energy and Climate Change, the member for Manly, for his engagement on this bill, which the Hon. Natalie Ward articulated very well. A number of issues were raised in the debate that I will not go through now; we can pick them up at the Committee stage.”
News articles and press releases
Energy Security Corporation Bill 2024
Mr JIHAD DIB, Minister for Customer Service and Digital Government — 2024-06-04
The purpose of the bill is to accelerate the transition to a zero emissions grid and help meet our ambitious State decarbonisation targets by creating the Energy Security Corporation, or the ESC. The ESC will inject funding into much-needed clean energy projects, including storage and firming assets. The bill delivers on the Government’s election commitment to establish a new corporation, seeded with $1 billion, to accelerate investment in clean energy assets and ensure that New South Wales has a dispatchable supply of renewable energy for when the sun does not shine and the wind does not blow.