Energy Policy
Today’s Media has published two damming criticisms of government policy on global warming and, in particular, its predictions that NEG will result in falls in power prices. These come after yesterday morning’s seemingly desperate attempt by Frydenberg to support NEG including by his astonishing recourse to “experts” picked by Turnbull and himself viz “we are absolutely confident that prices will come down because that’s the best advice of the Energy Security Board which represents the best experts in the field … This is no subsidies. No taxes. No trading schemes. No carbon price”. It’s using existing market mechanisms involving “contracts exchanged for physical electricity”. One pertinent comment I received (from a different expert) is that NEG is similar to a plan by Lenin!
