Archie Chapman

Energy ministers need to ‘focus completely’ on reforming electricity market

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…says Tony Wood from the Grattan Institute:  http://www.abc.net.au/news/2016-07-21/energy-ministers-need-to-focus-on-reforming-electricity-market/7646106

He’s not wrong. Alongside land, energy is a fundamental factor of production and an input into all economic activity. It is in everyone’s benefit to reduce the cost of energy delivered to end users.

Addendum: “A new analysis has called out Australian gas generators for choosing to exploit an energy market failure, rather than to fulfil their key role of complementing renewables by supplying additional local demand when needed.” http://reneweconomy.com.au/2016/gas-generators-called-out-for-exploiting-nem-flaw-creating-obscene-price-spikes-54494

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