Friday, June 23, 2017

The government’s new energy plans will leave investors less confident than ever.

Australians should be deeply concerned about the signals coming from the Turnbull government since this month’s release of Chief Scientist Alan Finkel’s landmark report on the future of Australia’s electricity system.

The bid to keep the lights on is prompting ever more
government meddling in electricity markets.
On Tuesday the government announced a new package of policies for the electricity sector. This includes asking the Australian Energy Market Operator (AEMO) to look at “how to ensure that new continuous dispatchable power is provided, including what support is needed to promote new investment”.

Effectively, the government is asking AEMO to identify whether Australia has enough “baseload” generation and, if not, how the government should go about getting more.


Read the piece on The Conversation by an Energy Fellow from the Grattan Institute, Dvid Blowers - “The government’s new energy plans will leave investors less confident than ever.

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