Grattan Institute says problem can be fixed with bipartisan energy and climate change policy that encourages new investment

Australia’s high wholesale electricity prices are the “new normal” and politicians need to be honest with voters about it, the Grattan Institute thinktank says.

It says federal and state governments must tell voters that government intervention to keep ageing legacy assets – such as old coal-fired power stations – working is a poor long-term solution and the problem can only be fixed with credible, bipartisan energy and climate change policy that encourages new investment.

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