Electricity Prices and Impact

eis: The Council of Australian Governments meeting in Canberra on Friday received an interim report by chief scientist Dr Alan Finkel, which concluded that an EIS had the lowest economic costs and the lowest impact on electricity prices . Addressing the meeting, he said it was the lack of clarity about a national emissions reduction policy beyond 2020 that was adding to investment uncertainty and pushing up prices, according to Nine News Australia. But Mr Turnbull said the proposed scheme was a carbon tax and the government would not support it. But some of the premiers have hit back saying the prime minister has missed an opportunity - in not supporting a national emissions intensity scheme EIS - to take pressure off prices while reducing blackouts and addressing climate change. We cannot ignore the pressure that puts on Australian households, on Australian businesses, on Australian jobs, Mr Turnbull told reporters after the meeting. SA Premier Jay Weatherill said it was a missed opportunity to put in place a national policy. The meeting agreed to have energy ministers work on ways to improve the reliability of the electricity system, particularly following problems in South Australia. (news.financializer.com). As reported in the news.