Australia’s states on Friday held off approving a plan to end more than a decade of climate and energy wars and spur investment in new power supply, disappointing industry seeking certainty on energy policy. Prime Minister Malcolm Turnbull is pushing a National Energy Guarantee (NEG) in a bid to bring down electricity prices, which have more than doubled over the past decade, and ensure supplies following a string of blackouts in 2016 and 2017. Energy Minister Josh Frydenberg said after a meeting with state governments that it had been “an important step forward” for the plan, which has been under negotiation for nearly a year. However, he criticized last minute demands, particularly from the state of Victoria, which […]