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Veritas

Veritas

Posts : 627
Join date : 2018-07-17

Energy Policy... Empty
PostSubject: Energy Policy...   Energy Policy... EmptyFri 28 Dec 2018, 9:22 am

Quote :
Let’s boost our energy the American way
NATHAN VASS
December 28, 2018

An exclusive report in The Australian recently laid bare the damage that has been wrought by a decade of energy policy dysfunction. It noted that local energy prices are three times those of the US, which may force our remaining heavy industry and manufacturing ­businesses to close down or shift overseas.

A United States Studies Centre report backed by Dow Chemical and industry body Chemistry Australia was quoted as stating that a Melbourne-based manufacturer was paying 177 per cent more for its gas than a decade ago, while in New York that same fuel is 41 per cent cheaper than 2008 levels because of the shale revolution.

The news that our electricity prices have risen an average 70 per cent in the past decade while those in the US have remained flat is bad for Australian business.


A reliable and affordable supply of energy has meant the US has seen a renaissance of heavy manufacturing in the past decade since the collapse of General Motors. This means unemployment in the US is the lowest it has been in decades and more people are in work than ever before.

In the past decade, Australia has had policy uncertainty as a result of a proposed carbon pollution reduction scheme with an emissions trading scheme, a carbon tax, a range of energy policies and a renewables-at-any-cost policy in South Australia.

This has led to the highest electricity prices in the world, with low-income South Australians using 11 per cent of their disposable income just to pay their electricity bill.

It surely didn’t have to be this way. Australia has access to an abundance of energy resources, which we ship in great quantities to various parts of the globe. We have a natural advantage.

Australia should emulate the US by building new high-­efficiency, low-emissions power stations to put downward pressure on power bills for families and businesses.


The US has been a leader in high-efficiency, low emissions as well as carbon capture technology. The Petra Nova project in Texas captures 33 per cent of its emissions from the retrofitting of a power station built in 1977.

There is no reason why the same could not be achieved in Australia.

If Australia’s power bills rise further, it will add to the strain on households and could send more investment and jobs offshore.

The energy policies of the past decade in Australia and US present a stark contrast. In Australia, subsidies for renewables and the premature retirement of power stations such as Hazelwood and Northern have driven up power bills.

In the US, subsidies are being phased out and new HELE power stations are being built. In Australia, subsidies are being grand­fathered and there are no like-for-like replacements planned.

The American experience shows Australian businesses and families battered by exorbitant annual energy price rises that electricity prices do not need to rise every year. They basically haven’t risen in a decade in the US. Australian policymakers should follow the American example to make power more affordable and to boost economic growth.

Nathan Vass is founder of the Australian Power Project, an advocacy group calling for a balanced approach to achieving clean energy.
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Veritas

Veritas

Posts : 627
Join date : 2018-07-17

Energy Policy... Empty
PostSubject: Re: Energy Policy...   Energy Policy... EmptyFri 28 Dec 2018, 9:29 am

Energy companies in Australia have seen the writing on the wall re renewables and future developments. They have bluffed both State and Federal governments who have indeed helped drive up the price of energy in order to get a good price to privatise their Energy companies.
Obviously they seek to increase their prices to compensate for falling profits that would naturally occur. It is past time for Governments to step in and reregulate, cap and create competition in the industry by reinvesting and building infrastructure. The private companies cannot be trusted to do the right thing by Australia and Australians.
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