Better energy efficiency lowers electricity bills, manages energy demand and helps the climate. Unfortunately, Australia is going nowhere on this cheap, simple measure.
The rules governing Australia's electricity market are more than 20 years old and no longer serve consumers, or climate action. But big energy companies are using COVID-19 to delay reform.
The federal government is spending $94 million to buy cheap oil. Instead, Australia should use the money to manufacture our own energy.
For the next couple of decades, Snowy 2.0 will in fact store coal-fired electricity, not renewable electricity.