23 November

This really is brilliant public policy. They'll use reverse auctions to drive prices down from bidders (what we should do for housing too). And they've put a ceiling and a floor on profits, so that the investors get a guaranteed return, but anything above a certain amount flows straight back to us, the taxpayers, not to the companies. Investment is going to explode, watch this space over the next 4 or 5 years. It'll add as much as half of the existing size of the grid in new renewables in only a handful of years. It already delivered 1 GW of new storage to NSW this week. For Lithgow folk, worth remembering one of the biggest batteries in the country will be right here in Wang.