This Energy White Paper sets out a strategic policy framework that builds on past energy reforms and the government's Clean Energy Future Plan to provide a clear set of actions to address our immediate energy priorities and position Australia for longer-term change. It also provides a framework to manage our energy security needs in the face of shifting geopolitical balances and changes in global markets.
The cornerstone of the government's energy policy framework is the delivery of Australia's energy needs through competitive and well-regulated markets that are operating in the long-term interests of consumers and the nation.
Well-functioning energy markets working efficiently in tandem with other key markets such as carbon and financial markets are unarguably best placed to drive business innovation and produce sustainable, reliable and least-cost energy and climate change solutions.
Australia has been well served by over a decade and a half of bipartisan energy reform and market development, achieved through the cooperation of the Australian and state and territory governments. In this context, the Australian Government will take forward the policy positions set out in this Energy White Paper to build on that record of achievement, with the clear goal of delivering better energy outcomes for consumers.
Globally and nationally, energy systems and their policy contexts are expected to be even more dynamic than in the past. Therefore, as part of its policy framework the government is institutionalising a regular four-yearly strategic review of energy policy, commencing with this Energy White Paper. The reviews will be timely opportunities for high-level assessment and adjustment so that Australia remains well positioned to meet its energy needs.