Power companies have blamed a decade of political uncertainty in Canberra for sharp rises in power prices, and implored the Turnbull government to adopt a proposed Clean Energy Target.
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| Treasurer Scott Morrison, Prime Minister Malcolm Turnbull and Minister for Environment and Energy Josh Frydenberg address the media on Wednesday. |
Prime Minister Malcolm Turnbull, Treasurer Scott Morrison and Environment Minister Josh Frydenberg met eight power companies - Energy Australia, Momentum Energy, Simply Energy, Alinta Energy, Origin Energy, AGL, Australian Energy Council and Snowy Hydro - on Wednesday to discuss sky rocketing electricity prices.
While the meeting was supposed to focus on retail power prices, according to sources in the meeting "the point was made more than once that a Clean Energy Target was needed to give the sector certainty to invest”.
Mr Turnbull confirmed the proposed Clean Energy Target was discussed but said retail prices had been the primary focus.
Read James Masola’s story in today’s Melbourne Age - “Turnbull targets power companies over bills, generators call for Clean Energy Target.”
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