Finkel has no answers to resolving his task of decarbonisation, energy security and low cost electricity, and he won't find them on his foreshadowed trip to Denmark and Ireland.
There is only one solution. We must unwind the subsidies and regulatory interventions that have created the problems. Governments spend or impose regulatory costs like the renewable subsidies that amount to about $5 billion a year. These are poisoning the economy as well as costing each household $500 per year. We need politicians to announce that all subsidies to energy will be removed immediately and that there will no longer be any favouring of particular power sources. Only then will we see the supply system convalescing and recovering so that it once again provides the cheapest electricity in the world and all that entails for living standards. Read more