Australia’s weak NEG target to push up power prices -report

Published 10:28 on July 20, 2018  /  Last updated at 17:03 on July 20, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s main argument to stick to a modest emissions target under the proposed National Energy Guarantee (NEG) is to avoid electricity price hikes, but wholesale power prices could be 25% cheaper by 2030 with a more ambitious goal, analysts said on Friday.

Australia’s main argument to stick to a modest emissions target under the proposed National Energy Guarantee (NEG) is to avoid electricity price hikes, but wholesale power prices could be 25% cheaper by 2030 with a more ambitious goal, analysts said on Friday.

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