The Australian Energy Market Operator’s head, Daniel Westerman, attracted the media’s attention by refusing, under Parliamentary scrutiny, to guarantee that the Integrated System Plan (ISP) developed by his agency on behalf of the government will bring lower prices.

Indeed, another of the plethora of regulatory agencies that are grinding the economy to a halt, the Australian Energy Regulator sets out the shadow price of CO2 incorporated into the electricity supply costs at $70 per tonne of CO2 in 2024, rising to $105 per tonne in 2030 and $420 per tonne in 2050.