Extract from ABC News
Updated
POWER FAILURE - Monday 8 May 2017
"It is remarkable how much we have stuffed up energy policy in this country." Mining LobbyistFour Corners investigates how a nation as rich as Australia is in coal, gas, sunshine and wind, has found itself in the middle of an energy crisis.
"We've had a catastrophic failure of national policy making." Industry Lobbyist
For a decade, the politicisation of energy policy has divided the major political parties and brought down their leaders.
"We've had a series of disasters, bad political decisions to end up where we are." Energy Analyst
The result is an uncertain energy future and soaring power bills.
"We'll pay about $750,000 this financial year, and next financial year we're looking at about a $1.2 million gas bill...It's an uncontrolled and sudden shock to our business." Manufacturer
On the eve of the Federal Budget, the program charts how short term politics has repeatedly overridden the national interest.
"Blind Freddie could have seen this coming. Only those who are neglectful or deceitful or didn't want to face this problem, wouldn't have known this was coming." Industry Lobbyist
Four Corners has travelled across the nation to see how the lack of affordable and reliable power is driving some businesses to the wall, others are going offshore.
"We're the lucky country but at the moment it seems that we're giving away most or all of our competitive advantages." Manufacturer
And with experts forecasting that winter will bring even higher power bills as well as blackouts next summer, there are calls to end the politicking and for real action to be taken.
"Everyone keeps blaming everyone else and I would love as a consumer of electricity, I'd love both sides of government to come out and just find a solution." Business Owner
Power Failure, reported by Michael Brissenden and presented by Sarah Ferguson, goes to air on Monday 8th May at 8.30pm EDT. It is replayed on Tuesday 9th May at 10.00am and Wednesday 10th at 11pm. It can also be seen on ABC News 24 on Saturday at 8.00pm AEST, ABC iview and at abc.net.au/4corners.
Background Information
KEY REPORTS
Independent Review into the Future Security of the National Electricity Market Preliminary Report | Dec 2016 - Report by Dr Alan Finkel AO, Chief Scientist, Chair of the Expert Panel. http://www.environment.gov.au/energy/national-electricity-market-review
Over 360 submissions to Finkel review have been received. These can be found here: http://www.environment.gov.au/energy/national-electricity-market-review/submissions
Australian Energy Market Operator final report into the South Australia Statewide Power Outage | 28 Sep 2016 - Read the press release and download the full report here: https://www.aemo.com.au/Media-Centre/AEMO-publishes-final-report-into-the-South-Australian-state-wide-power-outage
Australian Energy Market Commission Final Report | 2016 Residential Electricity Price Trends | 14 Dec 2016 - The 2016 residential electricity price trends report provides information on the electricity supply chain cost components expected to affect the trends in residential electricity prices for each state and territory of Australia over the next three years. http://www.aemc.gov.au/getattachment/be91ba47-45df-48ee-9dde-e67d68d2e4d4/2016-Electricity-Price-Trends-Report.aspx
AEMC Residential Electricity Price Trends Report & Fact Pack | Dec 2016 - Information on the electricity supply chain cost components expected to affect the trends in residential electricity prices for each state and territory of Australia from 2015/16 to 2018/19. http://www.aemc.gov.au/Markets-Reviews-Advice/2016-Residential-Electricity-Price-Trends
Gas Statement of Opportunities | AEMO | Mar 2017 - Information about the natural gas industry in eastern and south-eastern Australia. [pdf] https://www.aemo.com.au/-/media/Files/Gas/National_Planning_and_Forecasting/GSOO/2017/2017-Gas-Statement-of-Opportunities.pdf
Electricity Network Transformation Roadmap | CSIRO/ Energy Networks Australia | Dec 2016 - Australia's national science agency, CSIRO, and the peak national body representing gas distribution and electricity transmission and distribution businesses in Australia, Energy Networks Australia have partnered to develop an Electricity Network Transformation Roadmap. http://www.energynetworks.com.au/electricity-network-transformation-roadmap
Australian Power Generation Technology Report | CO2 Cooperative Research Centre, CSIRO, Australian Government | Nov 2015 - This report provides a sound foundation for evaluating our electricity future. [pdf] http://old.co2crc.com.au/dls/brochures/LCOE_Executive_Summary.pdf
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