“We strongly welcome the government’s decision not to go ahead with zonal pricing. The next renewables auction – AR7 – is a critical moment in meeting the 2030 Clean Power Mission. Today’s announcement reduces uncertainty and risk for developers ahead of the auction, enabling us to invest at the lowest cost for consumers.

“We've made consistently clear the case to Government for reforming the national market as an alternative to zonal pricing at every stage of the REMA process. We remain confident it can deliver the desired efficiencies and is less disruptive during this critical period of extensive investment and change.

“We’re reassured that Government has listened, and now look forward to further information on what a reformed national market will look like. We also welcome the commitment to review Transmission Network Use of System charges to provide stronger incentives for investors to build generation where it is needed; as well as the intent to better harness the flexibility of battery storage to balance the grid”