The NEG seeks to obscure the most valuable information obtained from a market – the price of emissions. Needless complexity and cost arises.
Defending NEG on basis that something must be better than nothing is like trying to build a car and settling on just three wheels and no steering.
Just 14 months ago, the writing was on the wall for grid-only electricity supply. Turns out the gap between grid only and PV+battery+grid is growing much more quickly than we imagined.
How will retailers meet their emission reduction obligations under the proposed NEG. It’s a tangled web, and we suspect the ESB is starting to understand the monster it is creating.
The NEG is yet another case of Australian exceptionalism in energy, typical of the toxic mix of muddled thinking and ideology that dominates regulatory oversight of this industry.
The NEG is the end of the electricity market as we know it. Effectively, it puts the regulators at the centre of the industry. It is the Australian energy equivalent of “Gosplan”, the State Planning Committee.
It is difficult not to lapse into despair about Australia’s energy policy morass, which is dominated by a deeply entrenched culture of half-truths, vested interests, ideology and wishful thinking.
The IEA may be underestimating Australian household energy bills by 25% because of a lack of accurate data from the federal government.
When the perfect is the enemy of the “roughly acceptable”: Economists back emissions policy that Alan Finkel has put on the table.
The latest guide to retail electricity prices across the major states in Australia.