Keeping the lights on and costs down: Renewable energy policy

McCullough Robertson has always had a finger on the pulse when it comes to the discussion surrounding the development and progression of Australia's energy policy. A topic which is certainly nothing new to Australians. For years, there has been concern and debate surrounding price volatility, reliability of supply and how to ensure future sustained investment in energy and industry. 

While the Federal Government has previously proposed a fix for Australia's energy dilemma, there has been an obvious necessity for more frankness in looking at Australia's electricity system. The opportunity cost has been discussed time and time again, with the cost of the fix on one end of the scale, and the reality that there is no such thing as free reliable energy on the other. The question we have been facing is whether we want to pay a little bit more for reliability and security of supply, or pay out lots more in wider social welfare costs due to an unreliable, insecure system.