Blowing $40 billion on yesterday's power grid

Stuck in a bygone era, Australia's electricity networks are completely unprepared for the impending tidal wave of small generators that will power our low-carbon future. It's time to start building.

Distribution networks are generating a lot of press these days. The public is getting a crash course in exactly who pays for those poles and wires outside our homes and businesses. This includes:

-- $40 billion of already-approved expenditure on the Australian power grid (as big as the National Broadband Network),

-- $4.7 billion that solar PV is expected to cost Australians through their power bills over the next 9 years, and

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