18th Oct 2017

The Government unveils its new National Energy Guarantee

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The Government unveils its new National Energy Guarantee
Leon Della Bosca

Malcolm Turnbull has revealed his government’s rebuttal to the Finkel Report, unveiling a new energy policy which dumps the current CET (Clean Energy Target) in favour of supporting fossil fuels.

The new National Energy Guarantee – or NEG – is the new acronym on the block, which the Government claims will guarantee better supply and lower emissions.

And it hopes to lower prices for power, although no one can exactly say how much it will save you.

The Government also says it will reduce emissions enough to uphold our end of the Paris climate change agreement. The new deal effectively ends subsidies and incentives for renewables, instead relying on retailers to make good on supplying power that meets Australia’s efficiency and emissions obligations. They are required to use a percentage of electricity from sources such as coal and gas, batteries or pumped hydro.



The PM has also pitched that the NEG would supply “cheaper, more reliable electricity for Australian families and businesses”.

"Your power bills are too high and rising too fast," he said.

The Government claims that, from 2020, a typical household could save an average of $110 and $115 each year for a decade.

However, the head of the Energy Market Commission, John Pierce, who was part of the Energy Security Board that costed the NEG for the Government, reiterated that the figure was an average over the decade, hinting that savings would be much lower in the early years.

He told Sky News those savings could initially be as low as $25 a year.

One thing the NEG does ‘guarantee’ is reliable supply.

The Government believes it will get its plan through without federal legislation, but it will need to be signed off by the states and territories. He already has the backing of energy retailers.

The Opposition called Malcolm Turnbull’s plan a capitulation to former PM Tony Abbott’s energy philosophy.

What do you think of the NEG? Would you like more of a guarantee on what you’ll pay for power? Is a saving of $25 a year enough to warrant scrapping incentives for clean power?

Related articles:
Power bill shock rocks Australia
Government out of step on energy prices
Energy companies gouging consumers





COMMENTS

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Retired Knowall
18th Oct 2017
10:15am
All Smoke & Mirrors. By 2020 at the current rate of price increases the average power bill will be up by more than $400/year.
Wstaton
18th Oct 2017
2:28pm
HA! but it will be aprox $120 less than this. So will only be a $280 increase. Yep smoke and mirrors.
marto
18th Oct 2017
11:11am
What a load of rubbish again from trumball this guy is an idiot does he really think he can feed us this BS and we believe it cannot wait for the next election where smart voters axe this bunch of DH what the hell has this country come to
arbee
18th Oct 2017
11:30am
By that do you mean the same smart voters who put Gillard and Rudd in before and put us all into the shit we are in now with their crazy renewables policies.
GrandmaKathleen22
18th Oct 2017
11:37am
arbee, renewables is what we should be doing and prioritising that for our grandchildren and future generations. Ignorance about the environment or living in the present with no regard for the future is selfish and just plain wrong!
MjP
18th Oct 2017
11:59am
The main reason we are in such a mess is that when we privatised the electricity market we effectively gave the companies control of prices and allowed them to rip us off by gold plating the poles and wires and then charge us for the privilege. Yes renewables have been subsidised, but so has coal etc. except that it is not fashionable to talk about the subsidies to fossil fuels.
john
18th Oct 2017
12:19pm
Well Marto
who are you going to replace them with? Bill Shorten the person not much better or different Kathy Jackson , and her mate Lawler? Or are we going to vote for the half wit Di Natale?
What I don't understand is why we have a problem at all with the way the world is going about changing to renewable energy from fossil fuels.
In the interim we have to have the best clean coal and the best way to use it as clean as we can ,while we do the changing to renewables.

Renewable energy will not take over the world in 5 minutes it will take 50 to 100 years, to be done properly and for people in the mean time to have as cheap a energy cost as we can. If we don't do it in the proper way , and keep being over thE top paranoid about climate change or global warming , we will wind up with the flow on of expensive energy supply to business right into out own pockets and then you will see turmoil, unlike you 've ever seen before.
All goods and services will sky rocket in price. While sensible cheap usage of coal will hold the planet steady until we can totally have the whole world using renewable energy, safely and cheaply. I am no mad right wing fossil fuel promoter , I am no Turnbull supporter , but I won't vote for the ALP while rotten Bill Shorten is the leader, he is an empty man. And he won't save your bacon either with his energy arguments.
This needs to be done in partnership with every party and government in the country, because if the politics of this climate stuff keep intruding on the forward movement for energy then I AM BEGINNING TO BELIEVE THAT THIS WHOLE CLIMATE AND POWER ARGUMENT IS A MANIPULATED PILE OF POLITICAL BULLSHIT. Excuse my French.
john
18th Oct 2017
12:33pm
To Grandma Kathleen, the world is, going about looking to the future for our grandchildren and great grand children.
But it doesn't happen instantly . It will take compromise from all sides to use coal and use it to keep prices at a sustainable level for all of us, while renewables are developed so when the time comes the whole planet will be using wind and sun and ocean power, wave power, water power.
Once again I fail to see the problem, you can take the political nonsense out of this whole climate argument , we don't need it. Climate change true or false, doesn't matter , common sense tells you that if you want to change to renewables and do it properly , then it takes time , but if you rush and it costs much too much money then you have a horrible horrible social outcome for your grand children. Let me tell you , you will not know the world if that happens and people have no jobs no money , and costs soaring high, then renewables or not we will be leaving a hell hole to our descendants .
Climate changing won't mean a thing, we may be better off gone , if that happens. So if we are polluting the world then lets get together and clean up. But don't argue about what we can't do anything about and get to work doing what we can, but not by cutting our own throats in the mean time.
Jim
18th Oct 2017
1:23pm
Why wouldn't the Libs expect you to believe their BS, as hard as you might find it to believe there are some people out there that actually believe Bill Shorten's BS I know it sounds impossible but it's true.
maxchugg
20th Oct 2017
10:05am
Remember what our chief scientist said when asked what impact there would be on the atmosphere if Australia totally eliminated production of all greenhouse gases. His answer was that it would be negligible, so why are we suffering the highest power prices in the world when we could have the lowest prices?
Why can't we have nuclear power stations? Unlike Japan we could locate them so far from the sea that the risk of damage from a tsunami would be nil.
Where is the logic in refusing to burn coal in Australia, but allowing coal produced here to be burnt overseas?
We are committing industrial suicide for no logical reason.
Oldie84
18th Oct 2017
11:17am
I'm waiting for more of the abuse that marto deals out. If he has any better ideas why not present them. And if he thinks that Shorten and the Labor Party would do better then he is really away with the Fairies. The long and the short of it is that Renewables are expensive and you pay for it with enormous subsidies, so if you want to save the planet put up with it. But you can't have your cake and eat it too.
Lookfar
18th Oct 2017
2:11pm
Oldie 84, things have changed since you were told that Renewables are more expensive, now they are cheaper, look at the Dynamics.
Solar panels are now mass produced on a massive scale, 10 years ago they were $10;/watt, now you complain if they are more than 50 cents/watt, Wind Turbines, when they were as big as 1 million watts each cost 1 million dollars, $1;/watt, coal fired power costed to build $1.10/watt, but then you have to throw coal at it every day for the entire life of that coal fired generator, and maintenance is high, whereas wind has negligible maintenance.
Subsidies for either are about the same.
Now, we are building 8 megawatt (8 million watts) wind turbines, the price has come down about 36% in the last three years, but that is not the main consideration, the greater size has two big results, - in those days, wind turbines had say a 60 metre tower, 50 metre blades, now they are 120/160 metre tower, - each 1 metre in height increases the power 1%, compounded; Blades are 80 metres long, each 10% increase in swept area doubles the power, a 2 megawatt turbine produces much more than 2 of 1 megawatt turbines, an 8 megawatt wind turbine produces more than 4 times a 4 megawatt turbine, the price just keeps plummeting, and the wind, and the sun, are free, and will stay free, and in fact the wind, because of global warming, has more energy so is speeding up, with only wind turbines to slow it down..
If you think about it, and do some research to check my figures, you will never say again that renewables are more expensive than coal or nuclear, nor repect anyone else who says that, as you know they are 'off with the fairies', and if Bill Shorten promotes renewables, then logically he is the one to vote for.
fyi, http://www.power-technology.com/features/featurethe-worlds-biggest-wind-turbines-4154395/
Oldie84
18th Oct 2017
3:15pm
Lookfar, you are quoting statistics which are undoubtedly correct, but why is power still so expensive ? Like all Statistics they only tell half the story. If you are correct I wait for subsidies to cease and that alone should reduce my powerbill no end.
Jim
18th Oct 2017
3:18pm
Lookfar, I am not going to try and question your figures in your comments, but I will question one aspect and that is that renewables are cheaper, I have been watching question time today, and even the labor party are not saying that renewables are cheaper at the moment, although they have made the claim that renewables maybe cheaper at some time, they have come up with no evidence to say that renewables are cheaper, in fact quite the opposite admitting that renewables will still need subsidies to the tune of $66 billion, which even the most die hard labor supporter would have to suspect that the cost would come from the tax payer, the labor party are not denying this figure. So I would have to agree with you if you want higher energy prices vote for Bill Shorten and the greens, that way we can once again have open borders as well.
ex PS
18th Oct 2017
4:47pm
How do you feel about the government subsidizing a coal mining company to the tune of $1 billion Oldie84?
Retired Knowall
18th Oct 2017
4:56pm
I have installed a 3.5KW Solar System and have reduced my power bill from $600 per Quarter to under $50. The system will pay for itself in under 4 years. The Internal Rate of Return is 18%. When Battery costs reduce by 30% I will install a 2KWH system and go off grid.
Renewable's are cheaper but will not replace coal in the near term because of the high power demand of industry, but, for domestic use it's a no brainer.
ex PS
20th Oct 2017
7:36am
R.K, I have done much the same, we have received a rebate every quarter for the last 5 years. No reason why each house can't become it's own power generator. If industry wants to burn coal, they can pay for it.
Retired Knowall
20th Oct 2017
8:25am
Spot on Ex PS, every new house should be required to have Solar installed if the design and location is suitable. NSW mandates the installation of rain water tanks why not Solar?
Retired Knowall
20th Oct 2017
8:25am
Spot on Ex PS, every new house should be required to have Solar installed if the design and location is suitable. NSW mandates the installation of rain water tanks why not Solar?
anonysubscribe
18th Oct 2017
11:33am
we really should pay tony Abbott $25 so that he can lead the country again to his greater glory. after all we voted him as leader and he is such a statesman we need to reward him for his fine efforts to impose his will on the government and people. He knows what is best for us and will need us to top up his poor backbencher's salary when he should really run the country as well as he did last time.
john
18th Oct 2017
12:22pm
Heh heh heh heh!
Tom Tank
18th Oct 2017
11:35am
This is very much a political ploy to protect the LNP from further turmoil.
The coalition are great at spouting the power of the "market" to drive the economy and the "market" in this case is moving away from fossil fuels, coal and gas atho' gas is generally considered to be more acceptable as it is cleaner.
The in-fighting in the Liberal party is resulting in decisions being made that are NOT in the best interests of Australia.
The claim of cheaper electricity seems to be one of those "back of the envelope" calculations. If the government was to provide their own personal guarantees that they will give up say 10 percent of their pensions for each dollar their estimate in the reduction of electricity costs fails to reach then we might believe them. Until then all they are promising is pie in the sky. Their track record on promises is not comforting.
Wstaton
18th Oct 2017
2:40pm
Yep Tom Tank and we believed their rubbish that the NBN FTN was going to be a big advantage over fibre and cost effective look at us now.

The scrapping of labors Carbon tax was going to bring prices down. It did momentarily but where are we now?
GrandmaKathleen22
18th Oct 2017
11:38am
Turnbull is owned by the far right in his party unfortunately. He, himself, believes in renewables but is unable to be his own man. It will cost him the next election.
john
18th Oct 2017
12:39pm
Turnbull instead of Bernardi should have left and formed his own party , without the half brains running along beside Abbott, and without having to turn himself over to the crooks Bill Shorten runs or and that serious fool DiNatali, Turnbull could have been a really good central party, the Libs are too far one way right, and Labor have some donkeys, too far to the left, fools inside them as well as crooked union boss', and Di Natali is simply stupid, blind tunnel visioned Green individual. Too much idealism and no sensible thinking.
Jim
18th Oct 2017
12:40pm
Shorten is not owned by the left, he is the left and extreme at that, when labor come into power at the next election with the assistance of the looney greens we will really have something to worry about, the energy prices will continue to rise, part of the reason was that when the electricity was owned by the state it was ran into the ground, very little maintenance was carried out over many years, in that time we had both major parties in power and both neglected the infrastructure, so anyone who thinks that the next government that gets in will do any better are dreaming. The choices we have are an extreme left wing supported by the looney's, and a centralist PM dominated by the right wing.
Tom Tank
18th Oct 2017
3:03pm
DIM I am afraid you have your facts wrong. I had an involvement with the SEC in Victoria and maintenance was carried our religiously and rigorously.
The SEC existed to generate and supply electrical power to Victorians but now all the private companies exist to generate and supply profit to their overseas owners.
The average Australian in fact would not know a far left politician if they fell over one. The ALP has a couple but they are in a minority and if anything the ALP is currently more middle of the road. They seem left wing because the Libs, under Howard and Abbott, have moved so far to the right.
Jim
18th Oct 2017
4:16pm
No tomtank you are the one who has the facts wrong, firstly regarding the maintenance of the electrical infrastructure here in NSW it's well known that over the years the infrastructure has been allowed to become run down and the huge profits from electricity has been used by different governments to prop up their failed policies in other areas talk about killing the golden goose. I don't know what your state was like so I can't make a comment on it. What I can make a comment on is Bill Shorten who I have had dealings with and I reiterate that the man is an absolute left winger, but I don't have a problem with that aspect of the man, each to their own, what I do know about the man is that he is the most disingenuous leader of the labor party in living history and the worst union leader I have ever had anything to do with, I say that as a proud Union member of almost 50 years.
MjP
18th Oct 2017
11:54am
His plan has a glaring weakness, it relies on the companies that gave us 'Gold plated' poles and wires that is one of the main reasons that prices have soared, to drive prices down, Why would they when they benefit from high prices?
Charlie
18th Oct 2017
11:57am
I don't think they know what they are talking about. They say coal, gas, batteries or pumped hydro is acceptable.

Its a little more than obvious, they way they avoid using the term "renewable energy." They don't want to sound like labor or anything like that. Labor has got it all wrong so they must have it all right.

Lets stop playing word games. Hydro is the classic renewable energy, its been around for decades in the Snowy mountains and in Tasmania and other smaller projects.

When it comes to pumped hydro, then solar and wind power are ideal energy sources for doing the pumping to the water reservoir, it can be done during the day when the sun is bright, or when the wind is blowing.

Then there's battery power from huge storage batteries, perfect for storing renewable energy from solar and wind. Unlike coal you don't have to mine it, transport it, or feed it into a boiler and steam turbine.

Shhh its a secret, the liberals want to use renewable energy too, but they have to call it coal power, or they will look like they are doing it to combat climate change.

As for household savings lets talk about an amount that people can use, like $500 a year.
greenie
18th Oct 2017
12:42pm
What? The batteries just appear from nowhere? The rare minerals have to be mined, transported, refined; the other components have to be mined refined then assembled and transported, all at great cost.
This is like the great scam when the compact fluorescent light bulbs were mandated. The old bulbs cost cents to make and could be recycled. The new bulbs cost so much to make, are full of toxic chemicals, and cannot be easily recycled. What a rip-off.
TREBOR
18th Oct 2017
6:02pm
... still waiting for my $600 that Tony promised.... tall drink of water that he is....
Charlie
18th Oct 2017
9:30pm
What kind of greenie calls themselves a greenie and knows nothing about it.
There is a company by the name of Tesla presently marketing large storage batteries. There is on 14 kilowatt battery for the home called a power wall. Look it up on the internet.
The same company has a contract to supply large storage batteries to the South Australian grid system for peak loading
BrianP
18th Oct 2017
12:08pm
Is everyone getting completely fed up with this Government's rip off schemes aimed at getting votes and short term fixes?

Where are the real leaders who will put people first?
Captain
18th Oct 2017
10:17pm
Brian, They died off with Whitlam and we're replaced by people like Hawke, Howard, Abbott, Turnbull and Shorten. Professional politicans who think of nothing other than their own pockets and their big business partners.

Vote for me at the next election (as the benevolent dictator) and I will show you the way back to honest Government.
Tib
18th Oct 2017
12:32pm
Hey guys I love your photo..........Now can you make that happen for real!!!
floss
18th Oct 2017
12:34pm
After 35years in the power industry this is just rubbish it will not change a thing only a fool would think it could.Base load gas is the only option and we know were that is.
john
18th Oct 2017
1:06pm
Sounds like we're stuffed!
MICK
18th Oct 2017
1:04pm
I had a bit of a belly laugh when magician Turnbull brought forward his latest load of BS.
There is nothing here to stop prices rising and I am willing to bet the power companies, like the medical insurance companies, are simply going to keep increasing prices. That is what happens when you have no legislation restricting unfair pricing.
What Turnbull never says is that the 'savings' will come from no long subsidising renewable energy. That will be bad for the country.
The other issue is one of honesty but lets not believe that this lot have any collective honesty between them. Turnbull needs to tell people that our electricity prices are NOT the fault of the RETs which account for about 5%, or $100 pa, of costs. That figure pales into insignificance when you look at the cost of power 10 years ago and compare to now. No mention of that. Just scapegoating of renewables....which are providing electricity to many of us as it is fed back into the grid. Also no mention of consumers buying the hardware. Turnbull and his cronies are what they are: the disciples of big business.
john
18th Oct 2017
1:14pm
Then we're still stuffed Mick?

What do we do, both sides of major politics are either stupid or crooked, or puppets for someone else.

The worst bunch of politicians came after Keating and Howard , who were both strong leaders.
The rest after that... Rudd , Gillard , Rudd, Abbott, Turnbull, I firmly believe they are the worst four leaders this country has ever experienced, maybe Billy McMahon would fit in there, it makes you really wonder what kind of garbage typed people enter politics!

But there is nothing to be done.

Well the people could elect me, benevolent dictator, but I can't guarantee benevolence from my next in line. HA ha .
Sceptic
18th Oct 2017
2:48pm
Mick if you accept the rubbish that renewables are responsible for 5% of the increase in cost, you are a completely lost cause. It is easy to manipulate a result to the one that you want by ignoring the ancillary effects on all of the other elements due to the subsidising and build/maintenance/replacement/standby power, costs, etc.

If renewables are actually so cheap, we do not and have never needed subsidies to support them.

I have solar power and have now had it for almost 5 years. I did not get it for the feed in tariff (which was 8 c per Kwh when installed), I got it for the daytime use of electricity to be free of the grid.
Oldie84
18th Oct 2017
3:07pm
Well Mick, if you have no time for Turnbull then just wait till Bill get in with his cronies. If you think things are but now then you've seen nothing yet. Unfortunately for our Country Politics has descended to winning votes irrespective of good governing. Our system now would not allow a strong leade rbecause that requires looking to the future and not to the next News Bulletin.
MICK
18th Oct 2017
7:51pm
RET is around 5%. That is what finger waving Turnbull is offering long suffering consumers.
Please give figure Sceptic rather than run your usual anti Labor spiel.

Lets get real right wingers. We do NOT have high electricity prices because of the Carbon Tax. Don't even try that debunked BS on. The reason is overspending on poles and wires, returns for shareholders and propping up the coal industry. Has nothing to do with renewables other than the 5% which generators are forced to buy on market every year. But then you know that.
MICK
18th Oct 2017
7:57pm
Oldie84: Bill? I don't particularly like the man but there is a huge difference between the 2 leaders. One is not too bright but not a corrupt despot trying to create a dictatorship. The other is what it is. You clearly have not been watching for the past few years.
So who you gonna choose? A debt ridden government which produced nix (Coalition) or a government that actually does something (Labor). Under the current rats we have nix to show other than tax cuts for the wealthy. Debt more than doubled. At least under Labor we have some schools which have been fixed up and have halls, homes which have reduced electricity costs because of the batts and an NBN which your man destroyed and which has cost us a heap more than the original model. Tell me how good your lot are. God help you if you consider that good government. It isn't.
Rae
20th Oct 2017
12:23pm
What about the $16 billion of our money Baird spent on poles and wires before the sale to raise $11 billion. Must be a banker sort of deal as in my mind we were way out of the money on that one.
marto
18th Oct 2017
1:19pm
Well oldie and john I have said many times before there is so many people on this site that vent their unhappiness with this present bunch of DH we have in canberra and do nothing else and if you dare to think i have the labour party in mind well you have missed my point the only way we will fix our problems is to get together and get some descent independents into parliament who are not from the top end of town who are usually lawyers etc and would not no sh*t from clay as to what happens in the real world or union dopes I have suggested many times before that we need a real people movement and hell we have so many bright people i see on this site but alas they do not seem to have the will to do anything about the situation but vent their voices here where no one from canberra would ever venture this site is great but if we continue to puff hot air and do nothing then nothing will change next year we will going over the same things again but I suspect as normal its all to difficult and we dont have time and we will continue along the same path with the same DH controlling our future there is an old saying No Guts No glory but then again who has the guts do something to change this great country of our thats why people want to get here
Oldie84
18th Oct 2017
3:18pm
Works both ways marto, a Pollie with guts needs an electorate with likewise guts, he needs to be re-elected. ????????????
Jim
18th Oct 2017
4:29pm
I agree wholeheartedly marto, the problem with electing independents is that eventually they would have to form some sort of coalition to get anything through, maybe we could ban political parties from the senate and only allow independents, or we could follow the UK system of unelected reps to pass our laws, crickey I didn't really write that did I ?
jackie
18th Oct 2017
1:23pm
What a load of crap just like his NBN plan.
Rosret
18th Oct 2017
1:57pm
This article has misquoted Malcolm Turnbull. When individuals think of THEIR bill, THEIR energy shortfalls and make comments on how THEIR home can go off the grid they are missing the national view.
Renewable energy is the future - but not yet.
We have an armada of ships sitting off our coast line taking our gas, our coal, our uranium to other countries. We are the world's sand pit.
Those receiving countries use our fossil fuels and make goods that we used to produce and now we just buy.
Industry needs power - lots of it. You can pretend that its OK to outsource everything and think we can survive on jobs that don't produce anything however we can't.
We are selling off our "sand pit" to foreign companies so their cycle of economic stability is in order.
But what about ours?
MICK
18th Oct 2017
9:18pm
That is about it...and we are selling our gas at a pittance and the multinationals concerned are not even paying the taxes they should be with the scam of the 21st century, offshore tax havens, all the go.
Whilst all this is happening the media pushes 'their man' back into politics.
Whilst I favour a parliament full of Independents I consider Labor to be the better of two dead horses because it is not big business running the country. And yes I understand the coal industry is into Labor as well as the Coalition. The difference is that Labor will push us forward with renewables. Anybody who believes renewables are a fad is missing the bigger picture and batteries, when they come down in price, will send many people off the grid. I'll be one of them and am half way there right now.
Rae
20th Oct 2017
12:34pm
Whitlam scared the living daylights out of neoliberals right back at the beginning. We were always going to be made to pay for being a shining light of Social Democracy for a decade or so.
IT_Dave
18th Oct 2017
2:11pm
Most have forgotten why we winded up in this mess. It is not just one single political party.

Somewhere along the line State governments had the self serving idea that by selling large public infrastructure for 10-20% value they could band aid short term financial issues. All levels of government knew that serious investment was long overdue and that the electrical distribution system was failing to keep up with demand let alone have programmed maintenance or equipment refresh just to survive (ala SA power grid failures).

So now we have ageing power stations built in the 60's churning out power at an average of 7 cents per kilowatt. How does that become 30 cents a kilowatt, 5 times its creation cost? Well look at the many fingers in the pie since being privatised. It used to be a lot simpler product to create and sell which meant it was cheaper.

It is a national embarrassment that we allow the people given our trust to turn one of the worlds biggest energy exporters with one of the worlds lowest energy access costs into one one of the most expensive OECD consumers. Where is the national resource management responsibility ? Why bother with federalism if the nations interests are being abandoned? ALL in the ground resources belong to the Nation. Various businesses are licensed to extract and sell those resources but why should those companies be allowed by the owner's custodians, the Federal government, to harm the actual owners - Australians? Our businesses and peoples jobs are dying under the energy noose we have allowed to be put around our necks.

Australia has so much natural gas reserves experts just guess at how long we could supply the world. 300 years? 800 years? There is a reason we are the largest gas EXPORTER! But at what sell price ??? Yet the companies that have a license from Australia just treat Australia as a rubbish tip to be used and abused for maximum profit. Gas shortages to the Eastern states? You have to be kidding!

No I am not a commie, an idealist or even someone of note. I grew up working in corporate and commonwealth government. I left because I wanted to experience clean air.

Unfortunately this energy noose is another example of Federal and State governments putting short term agenda's ahead of why they even exist, to protect us. I believe Both political parties are as irresponsible as each other as this has been going on in various phases since at lesast the 70's

My grandchildren seem destined to never know what a life beyond economic slavery is like. It was our generations that were in control as we slept and ignored the pessimistic few who raised a voice against bad medium and long term strategies. You and me created this mess by not thinking through the consequences of demanding quick fixes to big problem.

What to do? Make sure your government representatives have a real idea as to what should be happening and make them do what they are paid handsomely to do, represent you.
marto
18th Oct 2017
2:56pm
here here get them to do what they are paid for are you joking i dont think I will see it in my life time
Wstaton
18th Oct 2017
6:52pm
Yes I guess selling off our infrastructure is a bit like selling off your fully paid up house renting it back and then find that the rent reaches astronomical heights. more than you ever paid in interest.
mikef
18th Oct 2017
2:11pm
This is from the mob that told us that abolishing the carbon tax would reduce power prices but failed to say it would only be for a month or two then rise heaps more! They say the power industry supports the plans - clearly they expect to continue to be profitable at the expense of their customers.
TREBOR
18th Oct 2017
3:38pm
Any 'savings' will be in comparison with the never-ending rises... like in Orwell's 1984, instead of copping a rise of 40%, you will only cop 20% and thus will have saved 20% by following the Party line.

The basic flaw in power supply costs is privatisation and the multiplication of service providers along with the addition of shareholders holding out their hands. Until that basic issue is resolved, there is no end in sight to endless cost rises. Resume the lot without compensation, and set it up under a single roof.
Greg
18th Oct 2017
4:39pm
Wow, $110 to $115 per year savings....I'll be able to live the high life with that.
ex PS
18th Oct 2017
4:44pm
The only future this government is worried about is the next election, the only future MT is worried about is his own, for years this government has ignored and ridiculed the experts, now all of a sudden because they have found some that will back up their stupid stand against renewables, "We must listen to the experts", if we fall for this, we deserve what we get.
The opposition must call the governments bluff, let them go down this path and then give them a proper canning when it all goes down the gurgler, we will suffer but in the long run it will show the government up for the incompetent shysters they are.
Is a $120.00 a year gain that we will probably never see worth selling out our grandchildren's future for?
TREBOR
18th Oct 2017
6:07pm
I see no reason to listen to experts- they are, after all, only experts in their chosen point of view and field. Besides the Supreme
Court has said that the opinions of expert witnesses must be supported by facts...
ex PS
20th Oct 2017
7:44am
TREBOR, either support them or don't, my point is, you can''t deny their veracity one day and then use them to support your argument the next. Either accept their evidence or don't, but don't pick and choose the"" facts"" that support your argument and ignore the rest.
Governments spin so much these days it is no wonder they always seem to be dizzy.
Ductape
18th Oct 2017
5:21pm
Bah, ha,ha,ha,ha,ha,ha! The Government save us money? Bah,ha,ha,ha,ha,ha....
Turvey
18th Oct 2017
6:07pm
This weak person needs to slide away quietly.
How can any "intelligent" person think that by MAYBE giving a 50cent per week reduction is doing the job.
It makes me want to swear, but that's something I try to avoid.
The rider is that no one else currently in parliament is up to the task!
4b2
18th Oct 2017
8:28pm
NEG short for negative. This is the same clown who said his plan for the NBN would be faster better and cost less and finished faster than Labour's plan. Why should we believe this rubbish.

If Labor presented this plan they would be blamed for nationalising the energy industry.
Eddy
19th Oct 2017
7:22am
Nationalising the energy industry, what an interesting concept. An interesting question that: would a nationalised energy market be better than the de-nationalised fragmented system we are now enduring. Of course any responses to the question will be on ideological lines rather than economics.
George
20th Oct 2017
12:04am
Energy Guarantee??? Missed the main point of action needed - PRICE CONTROL needed to allow not more than CPI-based increases, in addition to reversing the 20% hike since July 2017 which has seriously expanded the Energy COST issue.

However, good to reduce excessive subsidies for renewables - which go into the pockets of CEOs, such as the American guy at AGL. Also, MUST use coal for base power as needed, as others such as China & India continue to do so - let's not stuff ourselves needlessly & foolishly.
MD
23rd Oct 2017
8:50am
Some worthwhile comment but little by way of constructive input. Were a few of the bright spark's hot air applied to generating their own power (sans wind) they may thus justify going off the grid. A complex subject such as this, is by no means simple as any supposedly switched on consumer would have it - particularly when we experience the volte-face of both past and present pollies who are as much in the dark as we, the simpletons that elected em.
How it came about, who is to blame, why it wasn't done differently and what now is to be done matters little, the upshot being higher charges and we're not talking battery capacity.
Going forward, any amount of current stats and facts will have little bearing on the 'where to', regardless of outcome the franchised electorate are simply expected to foot the bill, the capitalists to stump up the cash and I'm no bright spark, but who do you reckon will win the day.
Coal - that dirty four letter word and the current bogey man on everyone's lips -which has served mankind for more a century, made numerous millionaires, employed a countless number of people and ultimately satisfied public demand every time we flicked the switch is now considered a no-no, passe'. Are we that fickle that we feel compelled to 'cut off our nose to spite our face' ? Who cares which of the left/right representative misnomer's cronies are or are not responsible for doing. Regardless of what we know-alls think, the pollies are mere mortals also and equally prone to cock-ups, even if well advised in the process.
It's probably best to just switch on, lighten up and cop the charge(s) as it's unlikely to get much more electrifying than the present situation regardless of generation method.

Or maybe it's time to sit back and consider flicking the switch on nuclear which I've no doubt will generate some small degree of heat into discussion but may ultimately prove to be both the buzzword and busbar exciter. "I'm excited" to say the least.
codger
23rd Oct 2017
5:48pm
i dont trust turnbull ,he doesnt agree with abbot then goes and does a deal on energy which sounds exactly like what abbot would do, abbot does not believe in climate change so not funding renewables is right up abbots alley.and contrary to what is said by frydenburg it is a trading scheme..


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