‘Headed for failure’: Alinta CEO on energy transition

Australia has almost run out of time to head off an energy transition “train wreck” with action on policies to spur investment in firming capacity and achieve emissions targets lagging ever further behind what is needed, according to one of Australia’s leading energy bosses.earlier coal power station closures by AGL Energy

“And all this needs to happen at a time there is limited capacity for new infrastructure delivery amid record-low unemployment and an international landscape of rising energy prices.” Meanwhile, the policy tools to back up the targets and aspirations on clean energy announced by state governments are mostly lacking, while progress on the grid build-out is slow.“I’ve got red lights flashing, and that’s against the backdrop of consumer energy prices escalating rapidly,” Mr Dimery said.“And if we look ahead, based on the regulatory tests that have been done to determine tariffs, the increases next year are going to be much larger than the increases [this] year.

“There’s been a lot of talk about that changing, but there’s been absolutely no action. So you’re seeing lots of action on the closing and no action on the development. It’s kind of stuck.”

The privatisation of energy electricity system is the problem as the whole drive in making energy scarce is to enable pilfering pricing oil industry has been doing it for years No country should privatise essential services auspol Wonder how much income increase he gets

he's just talking his angle.

Well this wasn’t entirely predictable

Thanks for nine years of nothing LiberalAus The_Nationals AngusTaylorMP ScottMorrisonMP Barnaby_Joyce traitors

That's why privatisation of utilities was an unmitigated disaster. Utilities always need to be nationalised to guarantee people supply and planning for growth. Altina care only for profit

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