However, the additional $1 billion commitment is a signal for an intensified sabotaging of Victoria's painstakingly developed low-cost, reliable electricity system. It will lead to continued increased prices and an ever more precarious supply.
Politicians, like their most vocal constituents, have digested a diet of scary climate change fabrications and have swallowed the advice of experts who say renewables are cheap (but don't explain why they need subsidies). Even politicians who recognise the absurdity of these contentions are mainly muted by electoral fears of Greens or Teals.
None of this will end well for the nation's living standards. Moreover, especially as the current path has been two decades in the making, it is not clear how – or even whether – it will be reversed. Few politicians have leadership messages and fewer have the time and capability to understand how energy systems work and their all-encompassing contribution to the wealth we enjoy.
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For politicians like Dan Andrews, Anthony Albanese, and their many comrades within the Coalition Parties, their job is to divine and to attractively package policies wanted by an electorate that is similarly uninformed of the delicate workings of economic interactions. To those politicians, if this undermines the economy this is collateral damage and an acceptable price to them remaining in office.
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