Originally published in The Australian Financial Review on September 23, 2014

Facts are so last century. The secretary of the NSW Treasury thinks we have a shortage of electricity and we are in danger of an electricity price explosion. The Commonwealth Minister for Industry, Ian Macfarlane, on the other hand, believes we have an “oversupply” of electricity generation capacity, and that electricity prices are unsustainably low.

One of them is completely wrong.

In an environment of “evidence based policy” “truth in politics” or even an era of “grown up government”, you would expect one of these distinguished fellows to admit their error.  A more likely scenario however, is that both of them will stick to their mutually inconsistent positions and that energy policy debate will remain stuck in its current quagmire

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