Australia's biggest electricity market on life support as states take control

  • 📰 abcnews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 83%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Top energy expert says the country's biggest electricity market is effectively dead as state and federal governments take control of renewable energy switch.

He said the decisions were undermining the intent of the national electricity market, which supplied more than 10 million customers across the eastern states.

Mr Buckley argued governments were well-placed to fast-track the transition because their bigger balance sheets meant they could afford to bankroll more projects. "What the State Electricity Commission is proposed to do is to be a strategic owner and developer of renewable energy assets," Mr Buckley said."And the reality is they could easily partner with [a superannuation fund] that could easily co-invest with them but where they keep strategic control of the asset."

She said it made little sense for governments – and by extension taxpayers – to take on so much extra risk when private investors were queuing up to fund the work.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All the Labor party's doing. Dan... Release your gas you mung bean! You let nearly 1000 people die during COVID and now you want to kill your state, with totally uneconomical energy. What a total clown.

Remember TELSTRA? Dan Andrews probably bought in to that. Victoria...State of Debt. Was a good idea at the time 🤣🤣 auspol

This is incredible news well done

Power prices are going to hit the roof until people vote these kind of ideas out of power

No question that Victorian voters are getting the government they deserve. vicpol

So conservatives - STILL think that repealing the carbon tax a decade ago was a good idea ? What is it about conservatism that makes strategic thinking anathema ?

Hoping QLD govt does the same. The payroll guy would work on One morning a week, the rest of the time read the 📄. The staff member that sat in my research library, no idea what his job was. The good ‘ol days.

It’s about time , public ownership is the way

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Rupert Murdoch has come out of hibernation’: Top analyst backs Fox-News Corp merger‘Rupert Murdoch has come out of hibernation’: Top analyst backs Fox-News Corp merger | newsandimages newsandimages MurdochFreeAustralia MurdochGutterMedia MurdochFreeWorld newsandimages Why is this foreign American making it into the Australian news? newsandimages Newscorp/Fox/Sky should be put on trial for supporting and enabling terrorism following their central role in promoting misinformation that led to the insurrection in the US
Source: smh - 🏆 6. / 80 Read more »

‘Rupert Murdoch has come out of hibernation’: Top analyst backs Fox-News Corp mergerBritain’s most respected media analyst, Claire Enders, has backed Rupert Murdoch’s proposal to merge Fox Corporation and News Corporation, labelling the potential deal “tremendous”. newsandimages newsandimages This evil man should be banned globally banished to the woods
Source: theage - 🏆 8. / 77 Read more »