Territorians want cheap renewable power and they also want their power to be reliable, secure and efficient.
In a significant step forward, the independent Utilities Commission has released its decision about new Generator Performance Standards (GPS).
The purpose of the new standards are to enable third party private generators to connect to the grid and sell their energy, while ensuring the power system remains secure and reliable.
The release of the GPS is an important step towards the Territory Labor Government achieving the target of 50% renewables by 2030, whilst delivering reliable power and more local jobs.
The GPS will provide certainty to investors to ensure the greatest amount of energy is dispatched from renewable power stations.
In parallel with the GPS, the Territory government is undertaking a program of reforms to address system security and reliability, encourage private investors and maximise the amount of renewable power in the network.
Announcements will be made over the coming weeks and months on these important reforms.
As noted by Minister for Renewables, Energy & Essential Services, Dale Wakefield
"Territorians expect secure, reliable and affordable power. That's why the Territory Labor government is undertaking the hard work of reform to deliver 50% renewables by 2030 to deliver cheaper, cleaner power.
"When we came to power the share of renewables in the Territory was just 2.6%. By the end of this year it will be well above 10%. However, we are managing this transition carefully and ensuring we do not compromise secure and reliable power.
"The Mills/CLP Government put up power prices by 30%, split up Power & Water and did no planning for the future. The Territory Labor government is having to do the work they failed to do to provide the reform and rules for the market to operate and meet the needs of Territorians."
