“I think everyone recognises that if you do nothing, power prices do go up,” Frydenberg said. Government conservatives are already flexing their muscle ahead of the report flagging energy policy reforms to the Council of Australian Governments on Friday by Alan Finkel, the chief scientist. The BCA’s chief executive, Jennifer Westacott, argued on Monday that doing nothing “has delivered higher wholesale electricity prices and led to forecast shortages of electricity supply”. “We’re going to keep an open mind before we see the report.”A key Senate powerbroker, Nick Xenophon, also prefers an emissions trading scheme to a LET. Turnbull said in the energy policy space the government had already taken tough decisions.

Source: The Guardian June 05, 2017 09:33 UTC