Antinuclear

Australian news, and some related international items

Scott Morrison’s desperate electricity measures have no real policy future

Sensible electricity rules await the next government, Brisbane Times By Ross Gittins, 28 October 2018  You can call it populism or you can call it desperation. In the case of Scott Morrison’s recent problem-solving efforts, desperation fits better. And wouldn’t you be?

Morrison is probably right in concluding it’s too late in the piece to be worried about carefully considered, long-lasting solutions to the many problems contributing to his government’s unpopularity………

Morrison has an election to avoid losing. If Tony Abbott hadn’t greatly compounded the problem by abolishing the carbon tax, you could feel a bit sorry for Morrison. The monumental stuff-up of the move to a national electricity market, with its price blowouts at every level – generation, transmission and distribution, and retail – was decades in the making.
Only with the doubling of retail prices over the past decade has realisation dawned that the federalgovernment can’t escape ultimate political responsibility for a “national” market run by a squabbling committee of state and territory energy ministers.

But Morrison’s announcement last week of a desperate collection of good, bad and indifferent measures to get retail prices down in a hurry – or at least appear to be getting them down – seems no better than a crude attempt to bludgeon some quick retail price cuts out of the three oligopolists that have come to dominate the market.

As was powerfully demonstrated by the events leading to the overthrow of Malcolm Turnbull, no government whose members can’t agree that the threat of climate change is real is capable of achieving a policy regime that restores a stable future for the energy industry. …….https://www.brisbanetimes.com.au/business/the-economy/sensible-electricity-rules-await-the-next-government-20181028-p50cfq.html

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October 28, 2018 - Posted by | AUSTRALIA - NATIONAL, energy, politics

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