New subsidies for renewable energy will end in 2020 with energy retailers forced to meet reliability standards by purchasing dispatchable power -- that is, power that can be turned off or on when needed -- under a plan to be presented to the Coalition party room today.

Not officially unveiled, the plan formulated by cabinet has been widely leaked to the media. As expected, the Coalition has now dumped Dr Alan Finkel's recommendation of implementing a Clean Energy Target when the current Renewable Energy Target expires in 2020, failing to lock in what Labor has described as an essential component of any bipartisan energy plan.