What if the solution to Australia’s high energy prices is not more coal and gas, nor even another emissions reduction scheme, but energy auctions?
Australia finds itself in an extraordinary, almost comical position. On the promise from Tony Abbott that we would become a low cost energy superpower, we abolished the carbon price and rolled back the renewable energy target by a fifth. And now we find ourselves with some of the highest wholesale electricity prices in the world, about double what they were when the carbon price was in place.
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