Three lessons from a power investment binge

Power generators will be screaming to be rescued as the Australian Energy Market Operator declares they'll still face a massive oversupply in ten years time unless over 10% of capacity is closed. Will the public continue to wear the mistakes of our power industry?

The Australian Energy Market Operator has just released its latest assessment of future supply and demand in the National Electricity Market. For electricity generators the news won’t come as much of a surprise, but we essentially have way more power generating capacity then we need.

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