There’s no way Labour will support anything less then a CET. However if not I suspect the same will happen as in America. The states will take over and set their own targets if the federal government fails to act.
No ones building coal generation (except perhaps a stupid government) and this will just keep prices higher for longer
This is bad news for the industry in the short term. My understanding is the LGCs continue until 2030 regardless? Although at significantly lower prices ~$40
The new rules around prior day energy supply commitments may be challenging. Lots of uncertainty
There’s no way Labour will support anything less then a CET....
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