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).
Libertarian senator David Leyonhjelm has devised a scheme where he gives the Coalition a political path to its 'real 20 per cent', basically by gutting new wind development in favour of handouts to existing hydro.
University of WA analysis suggests the WA grid could experience zero demand for central grid power in the middle of the day as early as 2026 based on plausible declines in the cost of solar systems. And cheap batteries don't help the situation.
The coal major took to the G20 proud claims of 500,000-strong online support for its campaign on coal and energy poverty. Unsurprisingly, analysis of social media accounts shows that support was probably faked.
While environmental campaigners call for divestment on moral grounds, financial experts increasingly agree that fossil fuels carry growing risks. Yet the Future Fund chair dismisses the latter concern.
The logic surrounding across-the-board network capacity charges is seriously flawed. But instead of addressing this absurdity, the electricity network lobby just complicates the mess with its cross-subsidy cherrypicking.
$1 per watt solar systems are being advertised now for even small 1 kilowatt installations. The cost of electricity is so much lower than what power companies can offer that they are left with a stark choice: be eaten by others or do it yourself.