I certainly agree with the mismanagement of the power industry but I sense that is a combination of a lack of competition, poor government contracting and poor pricing controls and uncertainty over regulation and the carbon tax leading to poor investment decisions.
Solar has not and can not reduce the price of power yet, rather through subsidies it has moved the cost and actually increased the cost. I think solar will play an important part of the energy mix long term but is actually part of the problem today. Our energy industry needs a wholesale fix not band aid solutions.
Since Australia has either sold off or is in the process of selling off its electricity and gas production, none of the fixes are really within the control of government any more. The one thing they could do is end perverse incentives which effectively pay the utilities to upgrade facilities based on dodgy demand projections. Take that out of the equation and it will force utilities to be smarter about their assessments.
Smart utilities will follow the lead of their counterparts in Germany and New Zealand and move into solar and storage. Someone who is vertically integrated, like AGL, is probably working out the best time to do this and screwing customers as much as they can under the old model, in the meantime.
Despite what the Federal Government may wish, we're not going back to coal. Smaller, smarter, distributed grids based on local renewables is increasingly going to be the model, at least in the residential sector.