Friday, June 9, 2017

Households to save under Clean Energy Target, but questions loom for Turnbull over Paris

Australian households could save about $90 a year, or up to $1000 on their electricity bills over a decade to 2030 under a Clean Energy Target proposed by the Finkel review of the electricity sector, compared to a business-as-usual scenario.

As the long-awaited review was released on Friday at a Council of Australian Governments meeting, Prime Minister Malcolm Turnbull promised a CET was "no barrier to building a coal-fired power station", in a carefully calibrated message to conservative MPs who have already expressed concern about the scheme.

"There is nothing in the Clean Energy Target that would prevent a new coal-fired power station being built. It would provide an incentive for lower emissions technologies, however," he said.

But Mr Turnbull and Energy Minister Josh Frydenberg will likely face a barrage of questions from conservative MPs about the CET - and whether it would, for example, facilitate investment in new coal-fired power - as soon as Tuesday, when the Parliament returns and the party room meets.

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