As a climate skeptic, I have nothing against renewables, however I believe they have to make their own business case without subsidies.
Since it is 100% possible to generate the electricity and 100% possible and profitable to do it cheaper than now, I believe Government should simply get out of the way and let private investment tackle it.
Big corporations don't believe in investment, proof exists in the form of almost no solar power stations they have built.
Besides which, doing nothing is free, and they are legally obligated to give as much money as possible to their shareholders.
Those 200,000 homes/businesses in Victoria that lost power due to the failure of 3 Latrobe Valley based coal fire generators, with the exact same faults (boiler tube leak).
Now the power distribution company should not have to pay compensation, not their fault.
However, there is nothing that allows the power generators to be fined, which is wrong.
Energy Australia and AGL who own these ancient power stations, should be the ones paying for everything, eg $100 per household + anything that has to be replaced (spoiled food).
It's $20M+, would have been cheaper to maintain their boilers properly.
Generation and distribution infrastructure should be sold off, and space made available in our streets so that private companies may double or triple the distribution infrastructure if they feel the profit motive warrants it.
If Government GENUINELY sold off the infrastructure it would be a huge benefit to us. Firstly, large amounts of Government debt could be paid off, saving an interest burden on ourselves and future generations.
BULLSHIT!
All you're doing is trading one problem (debt), for another (less income).
Government owns power company, electricity is priced reasonably, government are happy with whatever income it brings in. (result less taxes).
Corporation owns power company, demands 30% profit regardless, everyone including the government pays more for their electricity, all income from power goes to corporate instead of government. (result more taxes, more expensive power).
You seriously want to pay more taxes, and more for electricity ?!?.
Yeah it doesn't make sense to privatize vital infrastructure, unless you're running a post USSR fire sale of assets in exchange for bribes.