The Government has today issued a new Investment Mandate for the Clean Energy Finance Corporation (CEFC) designed to strengthen its ability to support the Government's energy policy priorities.

The Liberal National Government is providing $51 million to the Australian Energy Regulator (AER) and Australian Competition and Consumer Commission (ACCC) to help deliver more affordable and reliable energy for Australian families and small businesses.

STEPHEN DAVY: Good morning and welcome to Poatina Power Station. First of all, I'd like to pay my respects to the Traditional Owners of this land and their leaders, past, present and emerging. Here at Poatina, we're at a site that's very important in our history. Great Lake was the site of our first large-scale hydro power about 100 years ago, and that power station in Waddamana was decommissioned when Poatina was built 50 years ago, and Poatina now uses the water at Great Lake. And that water then ends up in Launceston down the Cataract Gorge.

The Australian Government has today opened the Underwriting New Generation Investments program, calling for Registrations of Interest (ROI) for projects.

STEPHEN DAVY: Good morning and welcome to Poatina Power Station. First of all, I'd like to pay my respects to the Traditional Owners of this land and their leaders, past, present and emerging. Here at Poatina, we're at a site that's very important in our history. Great Lake was the site of our first large-scale hydro power about 100 years ago, and that power station in Waddamana was decommissioned when Poatina was built 50 years ago, and Poatina now uses the water at Great Lake. And that water then ends up in Launceston down the Cataract Gorge.

ELYSSE MORGAN: The government has committed to bringing down power prices for consumers - but what does the Energy Minister, Angus Taylor, consider a fair price for power? And what about profits? The government has slammed power companies for making too much - but its own energy firm, Red Energy, has been making hundreds of millions of dollars too. I spoke with Minister Angus Taylor earlier. Angus Taylor, as I understand it, the divestiture legislation allows the government to force divestiture if it forms the view of excessive profit making.

ELYSSE MORGAN: The government has committed to bringing down power prices for consumers - but what does the Energy Minister, Angus Taylor, consider a fair price for power? And what about profits? The government has slammed power companies for making too much - but its own energy firm, Red Energy, has been making hundreds of millions of dollars too. I spoke with Minister Angus Taylor earlier. Angus Taylor, as I understand it, the divestiture legislation allows the government to force divestiture if it forms the view of excessive profit making.

Electricity retailers will have up to six business days to install new meters and a maximum of 15 business days to replace existing meters, unless customers agree to a date range proposed by the retailer, under a new rule determination made by the Australian Energy Market Commission (AEMC) today.

FRAN KELLY: Angus Taylor is the Federal Minister for Energy - he joins me in the Parliament House studios. Minister, welcome back to RN Breakfast.

ANGUS TAYLOR: Thanks for having me, Fran.

FRAN KELLY: Angus Taylor is the Federal Minister for Energy - he joins me in the Parliament House studios. Minister, welcome back to RN Breakfast.
ANGUS TAYLOR: Thanks for having me, Fran.