A renewables hedge against gas price gouging

For a small additional cost Australia could develop significant wind and solar assets that would shield us from the energy security risks posed by a gas-powered future.

While energy security has historically been thought of as a safeguard against abrupt supply disruptions, it can also apply where there is the potential for sudden, unexpected high prices over which there is little domestic control or ability to respond. This is consistent with the International Energy Agency (IEA) definition that energy supply is “secure” if it is adequate, affordable and reliable. 


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