Forget chief scientist Alan Finkel's exhaustive inquiry. Forget the months of evidence and sophisticated modelling. Forget the detailed report on electricity prices by the ACCC. Forget the RET and the CET. Now we've got the NEG.
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| Malcolm Turnbull has asked the public to "trust the experts". |
If you believe the Government, the NEG — or National Energy Guarantee — will deliver the trifecta: no blackouts, less carbon dioxide emissions and lower prices.
Energy policy nirvana without a "re-neg" on Australia's climate change commitments.
There is serious room for doubt, but who really knows? It's impossible to make a definitive judgement because the policy, made on the run with obvious haste, is so sketchy.
This is a scheme based on an eight-page letter, outlining the germ of an idea, from a little-known body established just two months ago — the Energy Security Board — which is largely comprised of representatives from energy regulators who are partly responsible for the mess we're in.
The devil, always in the detail, is yet to come.
Read Stephen Long’s analysis on the ABC News - “Malcolm Turnbull wants us to bet on the National Energy Guarantee trifecta without seeing the detail.”
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