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 debate surrounding the RET has been hijacked by ideologues on both sides, which is of little help to consumers, who will end up bearing the consequences of a much less reliable national electricity market.
The Harper review presents an opportunity to warn politicians of the ramifications of their game-playing on the electricity market, but getting them to reach consensus on energy policy reform may prove difficult.
Resistance to the Grattan Institute's power pricing model is reverberating across the airwaves and newspapers… but overhauling Australia's unfair electricity tariff system is bound to be a political hot potato.
RET cost burdens will shift back to consumers if the market stays in its current 'messy' state, the east coast energy market regulator said as it recommended a floating target. But it also came up with another plan.
Cost-of-living concerns are prompting Australians to cut back electricity consumption, with flow-on problems for power companies. But vendors are on the back foot in understanding customers' behaviour.