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A perfect storm of factors including the war in Ukraine, the sudden cold weather and years of government incompetence have met to create an energy crisis that has seen the national regulator take control of the electricity grid for the first time in history.
Without their intervention, the warnings of gas shortages and blackouts could have become a reality.
While the imminent risk of running out of power has been stymied by the intervention of the regulator, the problems are far from over.
Today on Please Explain, chief political correspondent David Crowe joins Nathanael Cooper to discuss why despite Australia being a country rich in resources, we have somehow managed to find ourselves in the midst of a genuine energy crisis. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information. |