Keep calm & carry on

The Daily Telegraph (Sydney) - - News -

POWER out­ages may be­come more com­mon in parts of Aus­tralia but the fed­eral gov­ern­ment should “keep calm”, ac­cord­ing to a new re­port.

Gen­er­a­tion short­falls cause just 0.1 per cent of power out­ages and the Grat­tan In­sti­tute has urged state and fed­eral gov­ern­ment’s not to “gold­plate” poles and wires, warn­ing it would send prices soar­ing.

And re­port au­thor Tony Wood said the fed­eral gov­ern­ment’s plans to un­der­write new dis­patch­able power plants and build the Snowy 2.0 ex­pan­sion were mis­guided. “That spooks the in­vestors, be­cause if in­vestors think if ev­ery time some­thing goes wrong the gov­ern­ment will in­vest, then they won’t in­vest,” he said.

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