By Les Hosking, Honorary Professorial Fellow. 

Reliable, secure and low cost energy has been one of the cornerstones of Australia’s economic success. In an electricity and gas context, reliability means a low interruption risk, security means continuity of availability relative to demand and sustainability means meeting present needs without compromising future generations to meet their needs.

A significant, diverse supply of approximately 800 years of brown coal and 300 years of black coal, large natural and coal seam gas resources plus wind, hydro, solar and geothermal have so far contributed to Australia having very low cost commercial, industrial and residential electricity and gas prices. Continue reading →