Claimed power price cuts from energy guarantee are 'virtually meaningless'

Coal-fired power subsidies mean the projections relied on by Coalition are not credible, study says

The Turnbull government is trumpeting power price reductions as a consequence of its national energy guarantee - but a new analysis says subsidies for coal-fired power stations will render those forecasts "virtually meaningless".

The government has failed to rule out the building of new coal plants as a consequence of its underwriting of new power generation, and Labor declaring that development a deal breaker.