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Unplug the Privatised Power Market

Ron Pike

Oct 20 2017

3 mins

blackoutWatching our floundering PM and his fawning energy minister trying to convince a sceptical electorate that they have the answers to our power problems was sickening — a mix of hype and hope devoid of truth or practical plans.

With no plan whatsoever, Turnbull boldly claimed that this announcement would make sure we meet our emission targets and achieve reliability of supply while simultaneously providing investor certainty to the power industry. Prices would come down as a result, he promised — declining as a result of nothing more than our PM’s hype. Lacking even a nodding familiarity with modesty, he even claimed to have a better-than-fair inkling by how much they would come down!

The facts are that over recent years we have been cursed by very bad decision-making on one hand and lack of forward policy planning on the other. This is has left state and federal governments checkmated as far as power and water policy is concerned. Crippling shortages of the electricity that is…

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