Energy minister says market needs signal to kickstart new investment in thermal generation to help stabilise the grid

The energy minister, Josh Frydenberg, says the looming Finkel review will recommend a new policy signal driving investment in a “broad suite of generation capacity”, which, if implemented, will restore confidence in Australia’s electricity sector.

But he also foreshadowed a hard road ahead. Referencing the climate wars of the past decade, noting that energy policy had “destroyed two prime ministers and one opposition leader”, Frydenberg predicted “big battles” both within the Coalition – and potentially within Labor – and externally with stakeholders, as the government seeks to land a new policy.

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