Friday, March 3, 2017

Nationalize the Grid: Public-owned Australian power grid could solve energy issues, paper argues

My hero of today is an Australian economist named John Quiggin:  



Public-owned Australian power grid could solve energy issues, paper argues



"The paper authored by University of Queensland economist Prof John Quigginsays the creation of the national electricity market in the 1990s has failed to lower power prices and improve system reliability or environmental sustainability.

It argues the electricity grid, including physical transmission networks in each state and interconnectors linking them, should instead be publicly owned.
And it says that “renationalised” grid should be responsible for maintaining a secure power supply and moving towards a zero emissions industry."