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I don't disagree with that, it was the dumbest thing ever, to a degree W.A dodged that bullet and as I said in an earlier post I hope the private sector don't step up to the mark and it forces the States to re enter the generation market.The States were basically forced to sell their networks by the Howard/Costello "asset recycling" scheme, where the States didn't get any new money for infrastructure unless they sold the assets they already had.
So it's really the Libs fault that we are in the mess we are now.
As we discussed early in this thread, generation really is an essential service and should be in Government hands.
The other point we made very early on is that with electricity generation there is a requirement for a lot more installed capacity, than is actually required, that doesn't lend itself to a open market style system and will actually become more of a problem as renewables become more prevalent.
It really will end up a mess, so no doubt as Rob says there will be a requirement for Federal intervention, when and how that is done will be the real problem.
As has been widely reported, the problems associated with high penetration of renewables are only recently showing up, because we are in a fairly unique situation and the AEMO is dealing with problems that no one knew would arise.
Hopefully a technically driven plan is formulated, rather than a taxpayer funded slush bucket approach that we normally have to live with.
One thing for sure is, the system wont be allowed to collapse, that wont be an option. So if it becomes essential that there is serious political intervention there will be.