The JEC made a submission to EnergyCo’s consultation on the New England Renewable Energy Zone (REZ) access scheme.
We provided input at the level of principles only.
We proposed firstly that the question of how to balance the needs of new renewable generation and storage inside REZs and those outside REZs (which are still needed and should still be encouraged) should have its own substantive consultative process. The framework should be robust and enduring, providing clarity and certainty to investors of their rights and the risks they take on in either case. This will enable investment to proceed at an efficient pace and in consumers’ interests.
Secondly, we argued that this framework should encourage investment to occur wherever the natural resources enable efficient generation (or dispatch in the case of batteries). That is, viability should not hinge on location within or distance to a REZ. Allowing such projects to proceed will be in consumers’ interests.
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