Scott Morrisson A Clone of Malcolm Turnbull, page-5

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    The performance obligations required to drive the NEG, if implemented, are a lawyer/merchant banker dream.

    No retailer, hardly any gentailers (large cos like AGL, Origin, Alinta, Engie who generate and also have retail arms) can withstand $100000000 penalties, so they need to hedge the risks. The cost of hedging will be built into the price by the regulators, so the consumer will ultimately be paying.

    Turnbull's son Alex naively belled the cat on his/Goldman Sachs' interest in this, during yesterday's interview on ABC radio. Expect them to team up (as if they ever weren't) and turn their hundreds of millions of dollars fortune into multiple billions of dollars at consumer expense.

    Look for Julie and others to be rewarded with key roles down the track.

    Only way to stop this is to exit Paris commitment, and kill all subsidies to renewables.
 
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