co2 plan will keep lights on

http://news.smh.com.au/breaking-news-business/origin-says-co2-plan-will-keep-lights-on-20110711-1h9ry.html

Origin says CO2 plan will keep lights on
July 11, 2011 - 11:34AM

AAP

Origin Energy says consumers can expect the lights to stay on under the carbon pricing scheme, as it provides enough certainty to the electricity sector for continued investment in power generation.

The energy producer and retailer says arrangements for the electricity industry are "such that consumers can expect to enjoy a continued reliable supply of electricity."

Managing director Grant King said the carbon price of $23 per tonne was high enough to bring about real progress in reducing carbon emissions.
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"With a carbon price in place, all energy users will have an added incentive to reduce their energy use," he said in a statement.

He said the onus was now on the renewable energy sector to demonstrate that renewable energy could contribute to the reliable supply of electricity, while reducing carbon emissions at the lowest possible cost.

"Development of baseload renewable energy should be a priority for investment in this sector," he said.

The federal government has announced a $10 billion Clean Energy Finance Corporation, to supplement the existing $3.2 billion in funding for the industry.

? 2011 AAP