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

The program has been developed to give the Government an ongoing mechanism to support targeted investment that will lower price and increase reliability in the system.

The program will be multi-phased and open over four years from 2019-20 to 2022-23. Each phase of the program will be tailored to deliver a solution to an identified market failure, consistent with the overall objectives of the program. Phase one of the program will begin in Q1 2019.

The ROI process under phase one will be open from 13 December 2018 with responses due by 23 January 2019.

Detailed guidance on phase one of the program, including final assessment criteria, will be published prior to the commencement of a formal request for proposals in the first quarter of 2019.

Further information about the program, including dates for the commencement and closure of each phase will be published on www.energy.gov.au.