Government warned Australian energy market is at 'crisis point'

'There is an acute danger of politicians panicking' about energy demand and costs, Grattan Institute report warns

A new report has warned the Turnbull government the national electricity market is at "crisis point", with rising energy prices for consumers and increasing concerns the grid cannot meet demand.

The report by the Grattan Institute says urgent action is required before summer to safeguard against the risks of blackouts, but it also cautions against political "fixes" - like Malcolm Turnbull's Snowy Hydro 2.0 plan or the South Australian government's plan to boost energy self sufficiency.