Danny Price, who helped devise the Coalition’s climate policy, says Labor scheme to shut brown-coal generators would lead to higher prices
A little-noticed part of Labor’s climate policy could push up retail power prices by between 8% and 25%, economist Danny Price has claimed, with price hikes in Victoria exceeding the impact of the former Labor government’s carbon tax.
Price, who helped devise the Coalition’s climate policy, told Guardian Australia last week the main plank of Labor’s policy – a new style electricity emissions trading scheme – was exactly what he designed for Malcolm Turnbull in 2009 and mirrored what the Coalition’s Direct Action plan would almost certainly have to become to meet Australia’s greenhouse targets. He said the price rises under that scheme would be “minimal” for many years.
Source: Guardian Environment