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).
With gas prices spiking upwards a death spiral is likely as household consumers switch over to electric appliances. However there may be no compensating reprieve for utilities through noticeably increased electricity consumption, thanks to a surprising discovery revealed in helping my parents disconnect from gas.
AGL Energy's decision to mothball its 480MW Torrens A gas-fired power station in South Australia won't change the utility's market presence much - especially considering that unit's historically quiet role in the NEM.
Improving transportation emissions standards, notably around diesel vehicles, will deliver immediate health benefits for our cities as well as contribute significantly in the battle against climate change.
The COAG position leaves the generators on the back foot as they try to steer supply and demand back in their favour. Utilities may now increase their focus on undermining new renewables, about which ministers were more vague.