Australian shadow treasurer Angus Taylor has criticised the Labor government’s 43 percent emissions target, asking it to explain how it would ensure the needed power supply to businesses and homes.
The comment comes after thousands of homes on Australia’s east coast were plunged into darkness on Monday as electricity suppliers struggled to meet demand as the country teeters on the edge of an energy shortage.
The Australian Energy Market Operator (AEMO) on June 14 confirmed that some energy generators had “revised their market availability” in NSW and Queensland due to a new $300/MWh price cap, a result of increased wholesale electricity prices….