7 August 2019

Why gas prices are likely to stay high

Supply and prices will not improve without additional supply sources. And prices are most unlikely to fall to their historical levels of around a third of current prices.

18 March 2019

LNG row foreshadows the bill that’s due for failed energy policy

Whoever wins the imminent federal election will need to get serious on climate change. The mess that policy uncertainty has imposed on the domestic electricity sector is now being mirrored in gas and coal.

12 July 2018

Argument for subsidies has no power in economic merit based world

Australians need energy policy that is driven by neither green evangelism for renewables nor a deep-seated fear to protect the role of coal for baseload power.

15 December 2017

A gas shortage next year is unlikely, but that’s the only good news

It’s official: Australia’s gas market is still a mess. This week, the Australian Competition and Consumer Commission (ACCC) released its latest report into the gas market. It was a case of “rinse and repeat” following their 2016 inquiry and September 2017 report: although government intervention may have caused some slight improvements, high prices persist and the risk remains that gas-dependent companies could go out of business.

11 October 2017

What federal and state energy ministers should do next – response to the AEMC’s Strategic Priorities Discussion Paper

Australia’s energy sector needs clear goals. We recommend five immediate strategic priorities for federal and state energy ministers: returning stability to governance of the sector; agreeing on a credible emissions reduction policy; fast-tracking security and reliability measures; ensuring access to domestic gas supplies; and rewarding consumers who help to reduce system costs (by, for example, cutting their electricity use during periods of peak demand).

12 June 2017

The Finkel Review’s blueprint will give secure, reliable and affordable energy

Alan Finkel’s energy review has met the objective set for it. His Blueprint for the Future can deliver a secure, reliable and affordable electricity system for Australia while ensuring the nation can meet its commitments to reduce greenhouse gas emissions. The focus in coming days will be on the blueprints’ problems and weaknesses rather than its opportunities and strengths. But the reality is that aiming higher is simply unachievable for now – and aiming lower will doom us to higher prices and lower security.

9 May 2017

Budget 2017: government goes hard on gas and hydro in bid for energy security

The budget does little more on energy than endorse the government’s deal with Senator Nick Xenophon on corporate tax cuts, complemented by modest commitments to energy security, more gas and better regulation.

27 April 2017

Malcolm Turnbull lets the sovereign risk genie out of the gas bottle

The Turnbull government has finally decided to crash the gas party and impose restrictions on gas exports. This is a big step. It will be welcomed by gas consumers, condemned by gas producers and heavily scrutinised by anyone with a commitment to markets as the primary vehicle for efficient commercial outcomes.

19 May 2016

A heavy price to pay for Labor’s gas protectionism

Proposed interventions such as imposing a national interest test, reserving gas for domestic use or subsidising domestic gas users will almost certainly add more costs than benefits, and fail to create more supply.

8 December 2015

Connecting the dots: the Northern Territory enters the eastern gas market

The Northern Territory government recently announced that Jemena will construct a gas pipeline to connect NT gas with the eastern market for the first time. It is early days yet, but it looks like the public is likely to be well-served.