Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Rather than seeing Port Augusta's hoped-for solar thermal station replaced by a modular nuclear reaction, this inquiry - given the unfavourable international economics of uranium enrichment - looks to be more about waste.
The Clean Energy Regulator's target of 11.71% for 2015 represents an additional 808MW of solar PV for the year, down slightly on 2014. The regulator has also released non-binding marks for 2016 and 2017.
As the LGC spot price grows and a compromise looms on the RET, might a few developers and financiers decide it's worth the risk to dive in and build some projects, even without a long term power purchase contract?
The electricity laws in Australia already require network companies to consider network and non-network solutions, and the trend is against network solutions. They'd be wise to take a stake in people-driven energy solutions.