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).
Deloitte might be right that the RET will add $15 to your quarterly power bill ... if you think gas prices will stay low, adding 7500 MW of wind and 10,000 MW of solar to the market by 2030 will not markedly affect wholesale prices, and solar costs $1000 per kilowatt more than you can buy it for now.
The European Commission has managed to ditch the successful market-based feed-in tariff in Germany and introduce a direct action-style system based on renewables auctions, doomed to be complex and expensive.
The $100m the government has allocated to smart grid trials led by Ausgrid has come up with a counter-intuitive result that smart grid technology will be of moderate benefit in reducing peak demand and network investment, but will be very good at deterring solar installations.
Australia’s largest coal mine has been decried by many but the economic boost is significant, and emissions are essentially a zero-sum game if Indian power companies simply source their coal from elsewhere.
To determine whether shifting to more gas-fired power generation is a good 'bridging' option, we need to better understand the real levels of fugitive methane emissions from shale projects - and quickly.