High electricity prices are here to stay, according to this Grattan Institute report, that calls on politicians to tell Australians the truth about the future of energy costs.

State energy ministers meet this week to discuss the National Energy Guarantee. While the policy has been criticised as too modest, it would put us light years ahead of the previous climate policy paralysis.

State governments have spent up to $20 billion more than was needed on the electricity grid, and households and businesses are paying for it through their power bills.

Australia is seeking to design a ‘reliability mechanism’ as part of the Turnbull Government’s National Energy Guarantee. This working paper provides analysis and suggestions on how to design the mechanism and how it might work.

Electricity prices have become a political hot potato, and the blame game has been running unchecked for more than a year, writes David Blowers.