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).
The Electricity Networks Association is keen to have people focus on the fairness of how electricity costs are shared between consumers. But the bigger problem is the fairness of NSW and ACT network companies further increasing these costs on top of previous unjustified price rises.
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 $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.
A presentation at Clean Energy Week succinctly showed just how unlikely it was for a customer-driven grid death spiral to occur via solar, due to the complexity of system purchases. But could leasing open the floodgates?