Bloomberg: Australia faces a “significant” rise in electricity prices because of the introduction of emissions trading which will place a price on carbon, a government adviser said. The increase in power prices won’t be “overwhelming” and will be less than a doubling, Ross Garnaut, an economics professor who is advising the government on the trading plan, said today on Ten Network Holdings Ltd.’s Meet the Press program. Gasoline prices will also rise, probably proportionally less than for …