Energy security fears trigger action on power supply

Renewable energy will initially be more
 costly, but ultimately cheaper, socially
 and economically.

Premier Daniel Andrews is promising to keep Victoria's electricity supply "as affordable, resilient and secure" as possible, amid warnings that households are being dudded by power retailers fattening their profits.

With the government under political pressure over power prices and energy security, the Premier has appointed himself chair of a new cabinet taskforce – which will meet for the first time on Tuesday – as part of a push to keep power supplies as cheap and reliable as possible.

The taskforce's first meeting coincides with a report by the Grattan Institute that claims competition in electricity retailing has failed to deliver what was promised: lower prices for consumers.

Read the story by Brian Robins ands Josh Gordon in today’s Melbourne Age - “Energy security fears trigger action on power supply.”

(Transition to a low carbon energy system will not be cheap, initially,  but costs to consumers will drop as we adapt to this new form of energy. The ongoing costs of solar or wind are vastly cheaper than the present fossil fuel-based system, both socially and economically - Robert McLean).