For a billing service that needs to invest no more than renting an office, hiring some staff and buying office furniture and computers, rewards for an electricity retailer are rich indeed. In this post I publish some comments I sent to our local ABC Mornings presenter, Steve Austin, who has taken up the cudgels on behalf of consumers who are hurting from electricity price rises. Austin is fighting the good fight but unfortunately regularly misfiring. Then, while I was writing those comments, information came through of another Victorian investigation, which is a bit of a bombshell.
Sophie Vorrath at RenewEconomy has a post Failed experiment: Now it’s retail arms gaming energy consumers with the grisly details. Continue reading Electricity retailers reap rich rewards
It’s the kind of article we expect in RenewEconomy, but this one by Angela Macdonald Smith is in the Australian Financial Review – Future for gas to be cut short by batteries and renewables:
Continue reading Renewables make gas out of date, but coal not done yet
Quiggin says, yes we can.
I can’t comment on his blog, because the Askimet software has got me marked as a pest, and my comments go straight to spam. There is no facility for telling Askimet I’m OK, so there it is, I’m as good as banned. So I’ll make my comments here, which are in any case longer than is form for comments there.
I’d have to say I agree with Fran Bailey’s comment, the analysis seems entirely too optimistic. Continue reading Can we get to 350ppm?
In last Tuesday’s post It’s gas, not renewables, pushing up electricity prices the federal Minister Josh Frydenberg attacked the Queensland government through it’s state-owned generators for “gaming the system”, which, he said gave Queensland the nation’s most expensive electricity, costing jobs. In that post Queensland’s electricity was shown to be low compared to those of the other eastern mainland states, in recent years and in recent months the lowest.
The state has now been attacked by the AER (Australian Energy Regulator) and by the ACCC. At the end of it all, Steve Austin, the host of Mornings on Brisbane’s local ABC, sank the boot in. So what to make of it all? Continue reading AER, ACCC and the ABC join the fray on Qld electricity prices
There has been a war about electricity prices reflected in front page headlines. For example:
Continue reading It’s gas, not renewables, pushing up electricity prices
Wind power, seen as inherently evil by our national government, was in danger of taking over in South Australia. So something had to be done to slow it down, right?
How about if the wind blows strong providing cheap power we mandate that the gas must be turned up as well, so the wholesale price goes up instead of down?
It seems absurd, but that is what has been done. Continue reading Australia puts the brakes on wind
That was the headline on the front page of the AFR on Friday.
Households are facing increases of up to 20 per cent, but businesses on five-year contracts signed in 2012 are facing hikes of as much as 83%. Continue reading Climate clippings 209
Two of the best articles on the Finkel Review are at Inside Story – Giles Parkinson’s On climate, the consumer’s vote will be more important than the party room’s and Tim Colebatch’s The devils in Finkel’s detail.
Parkinson highlights the difference between promise and performance. Back in December, when the interim report came out, Finkel’s future looked exciting: Continue reading Finkel fail at Inside Story
Turnbull and Frydenberg kept telling us that the review of the national Electricity Market had to serve three ends. We need energy security to keep the lights on, we need cheaper prices, and we need to reduce emissions. In view of the science outlook on climate change, reducing emissions is a sine qua non, literally ‘without which nothing’ – in short an indispensable element.
Michael Slezak at The Guardian says that Australia’s policies on climate change have become poisoned by pragmatism. Bill Hare from Climate Analytics took a look and was horrified. The cuts modelled by Finkel stick out like a burning coal stack:
Continue reading Finkel flunks climate targets
From the New Scientist:
If you can’t beat them, sue them. Citizens are increasingly taking governments to court over climate change inaction, with financial lenders – and possibly big firms – next in the firing line.
Some 894 climate change cases have now been filed in 24 countries, according to a report published last week by the United Nations Environment Programme and Columbia Law School’s Sabin Center for Climate Change Law in New York.
By some distance, most – 654 – have been in the US. Australia sits in second place, with 80 cases, and the UK third, with 49. The number of countries with climate cases has tripled since 2014.
Continue reading Climate litigation goes global
In August last year in Climate clippings 181 (Item 5) I linked to a report by Climate Analytics examining the impacts on Australia of limiting global temperature rise to 1.5°C and 2°C.
For me the crux of the report is this, from a discussion piece at The Conversation:
The report predicts that half of the world’s identified tipping points – such as the collapse of polar ice sheets and the drying out of the Amazon rainforest – would be crossed under 2C warming, compared with 20% of them at 1.5℃.
If we go to 2℃, we will have a very different climate and there is a good chance we won’t be able to stabilise there. The bad news is that if we just carry on we’ll reach 1.5C by 2024, and 2C by 2036. Continue reading Science shows the need for urgent climate action