National Energy Guarantee (NEG)

The National Energy Guarantee (NEG) is an Australian energy policy designed to ensure reliable and affordable electricity while reducing carbon emissions. It works by setting targets for electricity reliability, security, and emissions reduction, encouraging electricity providers to meet these standards through their energy plans. The NEG aims to promote investment in a diverse mix of energy sources, including renewable and conventional power, balancing environmental concerns with affordability. Its goal is to create a stable, efficient energy market that benefits consumers and supports Australia's long-term energy sustainability.