Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
Martin Parkinson has provided some insight into how Treasury muffed its forecasts and cornered the treasurer, citing dollar behaviour, Asian growth mix-ups and miner optimism.
As global businesses lose confidence in Europe, the ripples are shifting requirements for Australian growth and even overhauling traditional management models.
Martin Parkinson has provided some insight into how Treasury muffed its forecasts and cornered the treasurer, citing dollar behaviour, Asian growth mix-ups and miner optimism.
Lack of federal budget transparency has allowed profligacy on both sides of politics, and while the Coalition has a plan for reform its hopes for a revenue jump are shaky.
The communications giant has laid out its plan to adjust to a more competitive digital environment while also easing exposure to its traditional platform-centric business.
Microsoft's next generation gaming console feels like a carbon copy of its predecessor. But its features also reveal Microsoft’s new intent, the Xbox One aspires to be something far more important.
Senator Xenophon is likely to hold the keys to repeal the carbon price. But in repealing it he could readily reconfigure Direct Action into an emissions trading scheme by stealth.
CEOs outline changing views on corporate spending and profits, their economic expectations and political dissatisfaction, including advice for Julia Gillard and Tony Abbott.
UK-based Zeebox wants to be the intermediary for all social media-television interactions. It will not only have to lure viewers, but the networks themselves.
Power prices are set to surge, but it’s not the carbon tax or renewables targets driving the hikes, and Ernst & Young data shows where Australia can improve energy efficiency.
Well put Keith. Often I think energy costs, become political debates. This, misses the point totally (Pinpointing the source of power pain, July 18).
Reducing energy costs, is for me, the most important excercise in economics. Yes even more important than current debt levels.
Off the shelf gas technology, to produce autonomous supply, should be looked at by retail and office builders. Please refer to the Sydney local governments, plans for automous energy, by 2014.
The Federal government has no gas policy, despite the fact that Australia has more (proven) gas than Qatar. Hey! lets sell all our gas to people with the brains to use it!
What frustrates me, is that, as you correctly, pointed out, that electricity prices, hurt, everyone, not just businesses but pensioners.
Is, the government blind to the fact, that the difference between an advanced economy and a third world economy, is energy availibilty?
Energy costs are hurting our economy and causing inflation, all governments have to treated with contempt, if they do not understand this.
Chris Peters,
Keith, an interesting contribution (Pinpointing the source of power pain, October 17). However, you neglect to mention that the 13c/kw rise in retail electricity bills for Queenland is due to rampant gold plating of networks which Queensland (along with most state governments) have allowed to be paid for by consumers. Then why is the reverse about to happen in South Australia? In S.A., wind power accounted for around 26 per cent of energy supply in the year to the end of July and one in five houses have solar PV panels. The effect of renewable energy (both wind and solar panels) is that it has created a "merit order effect" which has created downward pressure on the wholesale price of power. The best story on this phenomenon is Giles Parkinson's report in Renew Economy "Wind, solar force energy price cuts in South Australia" (3/10/12)? He points out that the wholesale component of electricity is "at or around their lowest levels since the creation of the National Electricity market more than a decade ago, yet retail electricity bills have soared, thanks to billions of dollars in network spending which is now being heavily scrutinized.
Your article does a lot of hand-wringing but avoids highlighting the dinosaurs in power industry: coal fired power and expensive distribution networks. Localised generation using primarily solar and wind energy (with efficient gas turbine backup) are the viable technologies for the future and are ready NOW. This power can be distributed with highly efficient new DC transmission lines and be supplemented with rooftop solar which has now dropped to a price approaching $1 per watt installed. The problem is that entrenched coal based interests can see the change coming and are trying to delay the demise of their inefficient, polluting technology. Instead of fear mongering, its time for commentators such as yourself and Bob Gottliebson to show readers that the price rises are manipulated and have no sound basis. Perhaps then you could show them that there is a new way forward.
Comments on this article
Comments PolicyWell put Keith. Often I think energy costs, become political debates. This, misses the point totally (Pinpointing the source of power pain, July 18).
Reducing energy costs, is for me, the most important excercise in economics. Yes even more important than current debt levels.
Off the shelf gas technology, to produce autonomous supply, should be looked at by retail and office builders. Please refer to the Sydney local governments, plans for automous energy, by 2014.
The Federal government has no gas policy, despite the fact that Australia has more (proven) gas than Qatar. Hey! lets sell all our gas to people with the brains to use it!
What frustrates me, is that, as you correctly, pointed out, that electricity prices, hurt, everyone, not just businesses but pensioners.
Is, the government blind to the fact, that the difference between an advanced economy and a third world economy, is energy availibilty?
Energy costs are hurting our economy and causing inflation, all governments have to treated with contempt, if they do not understand this.
Keith, an interesting contribution (Pinpointing the source of power pain, October 17). However, you neglect to mention that the 13c/kw rise in retail electricity bills for Queenland is due to rampant gold plating of networks which Queensland (along with most state governments) have allowed to be paid for by consumers. Then why is the reverse about to happen in South Australia? In S.A., wind power accounted for around 26 per cent of energy supply in the year to the end of July and one in five houses have solar PV panels. The effect of renewable energy (both wind and solar panels) is that it has created a "merit order effect" which has created downward pressure on the wholesale price of power. The best story on this phenomenon is Giles Parkinson's report in Renew Economy "Wind, solar force energy price cuts in South Australia" (3/10/12)? He points out that the wholesale component of electricity is "at or around their lowest levels since the creation of the National Electricity market more than a decade ago, yet retail electricity bills have soared, thanks to billions of dollars in network spending which is now being heavily scrutinized.
Your article does a lot of hand-wringing but avoids highlighting the dinosaurs in power industry: coal fired power and expensive distribution networks. Localised generation using primarily solar and wind energy (with efficient gas turbine backup) are the viable technologies for the future and are ready NOW. This power can be distributed with highly efficient new DC transmission lines and be supplemented with rooftop solar which has now dropped to a price approaching $1 per watt installed. The problem is that entrenched coal based interests can see the change coming and are trying to delay the demise of their inefficient, polluting technology. Instead of fear mongering, its time for commentators such as yourself and Bob Gottliebson to show readers that the price rises are manipulated and have no sound basis. Perhaps then you could show them that there is a new way forward.