Of course that's not beneficially affecting Bluescope though, based on their price forecasts.
We're going through a transition in energy markets, so you can expect a few bumps. But it seems to me that a hands off approach isn't going to be the best in those sort of periods. Markets can be disruptive, when competitive forces and new technology are creating change.
And disruption isn't what you want with National electricity supplies.
From my experience in the industry - and from New Zealand's experience designing reserves markets to manage relatively large supply risks relative to the total supplied demand - I think you've got opportunities to do better. But it'll take some clever electricity market design work and leadership.
But fundamentally, it's still the gas price increases that are creating all the problems. Without those you'd not be seeing the big price increases, even with increasing renewables.
