Grattan Institute Energy Program Director Tony Wood says there were a couple of "very important steps' taken at a meeting in Canberra last week between the nation's energy ministers.
Mr Wood said firstly, the ministers set out 'some serious actions' to be taken.
'But probably even more importantly � the fact that the ministers on Friday agreed to work together on this transformation plan, by itself I think is a very significant step forward,' he told Sky News Australia.
'It won't be smooth. But you'd have to give credit to Chris Bowen and his energy colleagues that they've agreed to do that.'
