Australia news live: Alinta boss says higher power prices inevitable and nuclear energy ‘like looking for unicorns in the garden’

We’ll go now to Canberra where managing director and CEO of Alinta Energy, Jeff Dimery, has been speaking at the National Press Club.

He noted Aemo says a true transformation of the national electricity market will require “levels of investment in generation, storage transmission and system services that exceed all previous efforts combined”. So what is stopping more private companies investing in renewables?

Dimery…