David Elson is not the only one doubting the government's electricity reform agenda. It's appalling record on most policy fronts does nothing to engender any faith.
After hearing the Federal Government’s electricity reform plan on the radio this morning I had a fear, that the prediction of the much maligned Mr Lee Kuan Yew (you know the one) had suddenly become true and that Australia was on a path of inevitable decline.
Why do I have a sinking feeling Australia is becoming a third world state?
I'd prefer the Government (both State and Federal) spent money providing us reliable power during the hot summer months rather than force electricity companies to cut funding to infrastructure; with incentives for consumers to use less.
It almost beggars belief that the Federal Government plans to reduce power bills by reducing household electricity usage through forcing the states to spend millions on monitoring tools while simultaneously severely cutting back and restricting future investment in infrastructure through regulation.
According to this break down from Aurora Energy the high cost of bills are not simply a result of the “gold plating” of infrastructure:
- 33.4% Generation
- 5.8% Carbon price
- 4.8% Renewable Energy Certificates
- 0.4% Market charges
- 13.8% Transmission
- 33.9% Distribution
- 7.9% Retail