Govt kicks the energy can down the road
ANALYSIS: A much-anticipated announcement on how to avoid another power crisis has failed to deliver a solution.
Low wattage: The market does not incentivise investment in generation to address dry year risk, said the Frontier report.
Of all the responses to the Government’s energy announcement on Wednesday, the most telling was surely the relief rally in electricity company shares.
Any concern investors may have had about Government intervention evaporated on contact with the news. As policy, this was about as meaty as a bun
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