CSIRO, Energy Networks Australia back emissions trading scheme over RETs to lower power prices

A carbon emissions trading scheme in the electricity sector could lead to an average saving of $216 per year on household power bills, a major report has concluded.

The CSIRO and Energy Networks Australia (ENA) have spent two years analysing the future of Australia's electricity system.

They concluded a system where high-carbon emitting power generators have to buy "credits" from lower-emitting generators would be the least expensive way for Australia to reach its carbon reduction targets.

The two organisations have been less enthusiastic about technology-focused emission-reduction frameworks.

Read the ABC story - “CSIRO, Energy Networks Australia back emissions trading scheme over RETs to lower power prices.”