Price caps essential for energy transition

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OPINION: As Australia transitions from fossil fuels to renewables, federal and state politicians must bring the community with them. Price caps are a sensible first step in that journey.

Government intervention is usually warranted when there is market failure, and that definition certainly applies to what is happening in Australia’s energy market.should mean the average household is $230 better off than it otherwise would have been.David Rowe’s political editor Phillip Coorey, the savings for low- and medium-income households will be boosted by another 10 per cent because they will be eligible for $3 billion in electricity bill discounts to begin in April.

The response from these businesspeople is likely to be along the lines of what Macquarie Group chief executive Shemara Wikramanayake said at theShe said the transition presents a “massive challenge”, but we don’t have the solutions to get there for 2050. The transition will require 221 gigawatts of renewable power generation in 2050, which is two-and-a-half times the current level.

 

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Talk about headline the BS and convince people it’s a forgone conclusion.

hello the activists have taken of over AFR .. price caps are 'sensible'?

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