Minimum Storage Targets for Long-Duration Energy Infrastructure
Energy Amendment (Long Duration Storage and Investment) Bill 2024
Legislative Council
Legislative Assembly
Assent
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:
Tamara Smith GRN
“On behalf of The Greens, I contribute to debate on the Energy Amendment (Long Duration Storage and Investment) Bill 2024. We commend the Government. We need this reform, with granular detail, to roll out the renewable energy boom that we must have. It is not a choice, and we are happy to support it. We would like some tweaks to the bill, which we will definitely look at in the other place.”
Steve Whan ALP
“It gives me great pleasure to support the Energy Amendment (Long Duration Storage and Investment) Bill 2024. I thank the Parliamentary Secretary for bringing the bill to the House. She is an enthusiastic advocate of the energy transition and would have liked to have talked more generally about it in her remarks rather than the technicalities of the bill. She might get that opportunity later.”
Matt Cross LIB
“I lead for the New South Wales Liberals and Nationals in debate on the Energy Amendment (Long Duration Storage and Investment) Bill 2024. I welcome to the New South Wales Parliament the people in gallery who are listening to important debates.. The purpose of the omnibus bill is to introduce a series of amendments to two pieces of energy legislation.”
Edmond Atalla ALP
“I make a brief contribution in support of the Energy Amendment (Long Duration Storage and Investment) Bill 2024. The legislation brings important enhancements to the Electricity Infrastructure Investment Act 2020, or the EII Act. It reinforces the Government’s commitment to the renewable energy sector and to fostering a secure, affordable and sustainable energy future for New South Wales.”
Donna Davis ALP
“I am pleased to address the House in support of the Energy Amendment (Long Duration Storage and Investment) Bill 2024. With a New South Wales electricity system continuing to transition to renewable energy generation, this omnibus bill is committed to ensuring the New South Wales electricity system continues its important transition to renewable energy.”
Trish Doyle ALP
“In particular, I acknowledge the contribution from the member for Ballina, who spoke very clearly about the social and economic benefits for New South Wales in regard to the bill and welcomed the steps within the bill that tackle climate change.”
News articles and press releases
Energy Amendment (Long Duration Storage and Investment) Bill 2024
The Hon. PENNY SHARPE, Minister for Climate Change — 2024-10-24
Accordingly, in addition to establishing the long-duration storage objective for 2034, the bill proposes a range of amendments that will strengthen consideration of social and economic benefits when reviewing the Renewable Energy Sector Board’s plans; clarify the application of the maximum capital cost for renewable energy zone network infrastructure projects; provide for adjustment payments at the end of a network project’s authorisation; clarify that the Australian Energy Regulator maintains its jurisdiction in respect of national electricity laws and rules, including where modified by the New South Wales Electricity Infrastructure Investment Regulation 2021; [and] update competition authorisations; and enable the Treasurer to direct payments be made from the Energy Administration Account to the Consolidated Fund in certain circumstances.