REBOOTING THE NATIONAL ENERGY MARKET

Australia's energy crisis is entirely government made. It is arguably the most expensive policy failure in our lifetime. Fixing this mess will not be easy. It will require federal, state and local governments to focus on the national interest. Most of all, it will require that the market is left alone to balance supply and demand and to pass on the benefits of Australia's abundant sources of energy to consumers. An inefficient energy market puts a handbrake on the economy.