Only asset write-downs will fix soaring prices, but policymakers and governments seem reluctant to unravel this welfare scheme for powerful incumbents.
When energy assets were being sold off, many politicians thought that people would blame the industry for any problems, not governments. Sorry guys. Everyone knows you write the rules and supposedly enforce them.
With summer approaching, there’s a flurry of activity to ensure reliable energy generation under peak loads.
The proposed closure date for AGL’s ancient and unreliable coal power station, is five years and probably two elections away.
It’s time for governments to get serious about helping everyone to join the energy transition, not just the most affluent.
The NEM has failed. Its very narrow economic objective was to provide low prices, reliable and safe energy, and to act in the long term interests of consumers. It hasn’t.
It is amazing how much is happening, even in Australia. There may yet be hope for Australia to become a low-carbon, successful 21st century economy!
Tony’s Abbott’s war on renewables was meant to reduce electricity prices. But it has done the opposite—and a lot more.
Many are proposing the obvious, but wrong, solution to avoiding future price hikes: develop more gas production resources. This path will fail.
Our outdated energy market model is falling apart. Will 2017 be the year Australia sorts out its energy policy?