Addressing $40 billion electricity waste – yes, minister

With governments scared regulatory changes will see the lights go out and innovation viewed as unnecessary risk by Australia's electricity networks, the status quo remains – to the detriment of all power users.

As reported on Friday in Climate Spectator, the Victorian Competition and Consumer Commission joined a chorus of people stretching back over a decade, recommending reform to how Australia regulates and charges for electricity network infrastructure. The rules are biased towards building additional network capacity and against cheaper alternatives, like energy efficiency and small-scale power generation, which could reduce load on that infrastructure.  

Yet, in spite of lots of government bodies urging reform (see: Electricity market reform – don’t hold your breath), and a huge $40 billion spend on networks leading to surging electricity prices, very little seems to change. Why is that?

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