Energy: a public policy disaster

Thanks to 15 years of the wrong objective, energy policymakers have repeatedly failed to effectively address energy market failures – and this is ensuring consumers are paying more than they should be.

The history of energy market reform shows that what began as a broadly based policy agenda has been subverted into a public policy disaster. Energy policymakers have separated energy from the broader policy objectives of governments and society, and have been allowed to get away with it by governments.

Today, the signals sent to NEM participants compete with and conflict with those being sent by other elements of public policy including climate policy, social justice, innovation and industry development.

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