National Energy Guarantee

The National Energy Guarantee (NEG) was an Australian government policy aimed at ensuring reliable, affordable, and low-emission energy. It set targets for the energy sector to balance electricity supply, control prices, and reduce greenhouse gas emissions by encouraging energy providers to meet certain standards. The NEG sought to promote competition, investment, and cleaner energy sources, while maintaining a stable electricity grid. However, it faced political debate and was ultimately not implemented. Overall, its goal was to create a sustainable energy system that benefits consumers and the environment.