NSW Finance and Small Business Minister Damien Tudehope says New South Wales should be planning for the future to determine how it can deliver a “guaranteed power supply”.

It comes as global prices for coal and gas hit record levels this week because of what is seen as an energy crisis with large countries in the Northern Hemisphere not having enough energy due to some going down the path of renewables.

“We do stand to gain significantly because of the resources we have in New South Wales and the ability to export those resources,” Mr Tudehope.

“But what I think we, as an economy, should be doing is planning for the future and the way that we can deliver a guaranteed power supply to the people of New South Wales.

“Now to the extent that that involves moving towards the renewable program, do it in conjunction and circumstances.”

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