Crikey Says

Feb 20, 2013

Crikey says: rent-seeking from generators

The Greens will struggle to hold Senate power, new polling reveals. Naturally they'd want brand differentiation from Labor, writes Bernard Keane. Plus Marius Kloppers' BHP legacy, and the damning reports into swimming. Plus Crikey is inside (and outside) the Geert Wilders circus.

One of the more sordid aspects of the debate over Kevin Rudd’s carbon pollution reduction scheme was the incessant and apocalyptic complaining from coal-fired power companies. Chinese-owned TRUenergy, in particular, was one of the most vocal critics of the CPRS, claiming it would send the company broke years before it commenced, that it would lead to the lights going out on Victorians, that it would cause economic dislocation “for generations”.

4 comments

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4 thoughts on “Crikey says: rent-seeking from generators

  1. Gavin Moodie

    Thanx for this report.

    I never understood why the power companies couldn’t pass on the full cost of the carbon tax. Perhaps forecasters didn’t expect that Australia’s economy would be as strong as it turned out to be.

  2. Dogs breakfast

    Most annoying.

    It always worried me that the intent of the carbon tax, if it were to work, was to raise prices, in particular for the greenhouse intensive industries.

    The concern was always that they would have an excuse to pass on great price increases, while at the same time being refunded the carbon tax through carbon credits.

    I suspect, as with most things, that these things are designed carefully by public servants and their consultants, and then bastardise mercilessly by the politicians who don’t seem to care that they have rendered the damn thing useless.

    See ‘Mining Tax’ for another example.

  3. Dogs breakfast

    It always worried me that the intent of the carbon tax, if it were to work, was to raise prices, in particular for the greenhouse intensive industries.

    The concern was always that they would have an excuse to pass on great price increases, while at the same time being refunded the carbon tax through carbon credits.

    I suspect, as with most things, that these things are designed carefully by public servants and their consultants, and then bastardise mercilessly by the politicians who don’t seem to care that they have rendered the damn thing useless.

    See ‘Mining Tax’ for another example.

  4. Dogs breakfast

    How strange! It wouldn’t let me post it the first time, and then it put it up twice.

    I plead not guilty.

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