Black(out) to the Future
A recent opinion piece by Frontier Economics managing director Danny Price discusses energy policy in Australia and potential outcomes for the sector from the policy path that is being travelled down. Danny argues that the potential for widespread blackouts has increased considerably over the past two years, due to the current policy environment.
“Compared with last year, the number of times that AEMO (the Australian Energy Market Operator) knowingly risked the system going black increased by nearly 60%, and compared to the year before that, by 75%. We are destined for another avoidable uncontrolled collapse of the power system – the mistakes of South Australia have not been heeded. The fault for this reckless behaviour will lie squarely at the feet of the AEMO Board, and with the government for encouraging AEMO’s unaccountability. “