University professors should understand the facts before penning such a bogus opinion disguised as facts: Fact one: This government has so bungled its energy portfolio that even environmentalists should weep. Phasing out coal could have been done  efficiently. BUT paying 80 ¢ per kWh  solar was reckless and irresponsible. Fact two: Calling a plan “fair” doesn’t make it so. The move is an ill-disguised plan to win votes in the next election.  It is not an investment. It is not like borrowing to go to university. It is not like borrowing to buy house.  I REPEAT: This is borrowing to pay for operating costs. Fact three:  Feed-in-tariff (FIT) is still going strong at a time when are awash in excess generating capacity. Stop already.  Fact four: “Time value of money” ... are you guys kidding?  I think you need to take a Macro 101 refresher course.  Let me reiterate the costs being deferred are not capital they are operating.  Fact five: Check your facts before you write more articles!!!!!!