NSW has raised $38 billion from energy asset sales, yet has reinvested not a single dollar – despite facing the fact that most of its coal fired power stations will close in the next 14 years.
There is broad and consistent support for renewable energy both globally and in Australia, but our policies need to wake up to 21st Century.
Australia’s big retailers are planning major investments in gas generation. But California illustrates how that market has been shuttered by battery storage.
Business customers pay about half what households and small businesses pay in Australia, and their costs are about middle of the road compared to other major economies.
Gold plated or not, the idea that governments would agree to a write-down or rebate on network costs is laughable.
It’s not worth getting too excited about the many technical deficiencies in the proposed National Energy Guarantee and the poverty of the vision that underlies it.
If COAG gets behind AEMO’s Integrated System Plan, instead of the NEG, Australia may yet manage the transition to a low-carbon economy in a way we can be proud of.
Europe’s changing energy profile as wind and solar take hold; lithium prices down on fears of over-supply; AGL weighed down by emissions profile.
NEG is largely a smokescreen designed to bury electricity policy under a motherhood blanket. The policy is supposed to endure for decades but its major design issues have to be decided in weeks. This is just nuts.
The ESB needs to go back to the drawing board and have another go at its National Energy Guarantee. They doesn’t understand what a bad solution they have proposed.
Know your NEM: Expect price hikes from the NEG
The redesigned NEG is likely to cause electricity prices to rise before they fall.