The Turnbull government's National Energy Guarantee would save the average household $550 a year on electricity bills, which is $150 more than first estimated, according to a final design proposal that has been sent to state and territory leaders.
The design put together by the policy's architect, the Energy Security Board, also forecasts the electricity sector will achieve almost all its decade-long emissions reduction target in 2020-21, the first year of the policy's operation.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@fairfaxmedia.com.au
Ben Potter writes on energy, climate change and innovation, and has been Washington correspondent, opinion editor and companies editor. Connect with Ben on Twitter. Email Ben at bpotter@afr.com
