Sunday, October 22, 2017

Frydenberg 'absolutely confident' energy prices will fall but gives no guarantee

The energy minister, Josh Frydenberg, has stopped short of guaranteeing prices will come down under the Turnbull government’s new energy policy, but says he’s “absolutely confident” power prices will fall.
Josh Frydenberg and Malcolm Turnbull speak to a
 worker at the Ixom plant in Melbourne, on Friday. 
Frydenberg also indicated the major parties might be able to come to terms on the mechanism, which imposes reliability and emissions reduction obligations on electricity retailers.

He said it was possible Labor might agree on the mechanism but propose a more ambitious level of emissions reductions, with that a point of difference between Labor and the Coalition at the next federal election.

Read Katharine Murphy’s story on The Guardian - “Frydenberg 'absolutely confident' energy prices will fall but gives no guarantee.”

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