The Smart Energy Council, an industry body, is preparing to campaign against the NEG and has pledged to target state and territories who sign up, while seeking commitments from the federal opposition for significant changes under a Bill Shorten-led government.
The group agreed to the goal of finalising the new policy by the end of 2018, for implementation over the next two years, with Energy and Environment Minister Josh Frydenberg hailing a major victory and saying remaining issues could be resolved before the next milestone meeting.
Mr Grimes said the council didn't believe the next federal election, due in the next year, would see substantial change, given the Senate crossbench could remain unpredictable.
Concerned the sector would go backwards during the NEG's lifetime, Mr Grimes said only a small fraction of about 15 large-scale renewable projects in the pipeline would come to fruition.
"We will continue to have fringe players, some of them radically opposed to Renewable Energy and climate change action, sitting on the crossbench," he said.
Labor says it will look to increase the NEG emissions target if it wins the election, while One Nation leader Pauline Hanson told supporters on the weekend the policy wouldn't see lower power prices.
In a Facebook video she said consumers were being "ripped off" by spending on poles and wires already owned by state governments, and offered a guarantee prices would continue to rise.
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