Prime Minister Malcolm Turnbull has convened power company managers for the second time in three weeks to urge them to alert customers that they might be paying too much.
That might cut power bills for some households and businesses; it should indeed be easier for customers to compare offerings and switch to cheaper options. But jawboning businesses is not going to have more than a marginal effect.
The government, spooked by recalcitrants in its ranks, appears unable to confront the central issue. A clean energy target is a substitute for an emissions trading scheme, which puts a price on carbon and was the industry's preferred mechanism for the transition to renewables, but political machinations within the Coalition and the ALP precluded it.
Read the Editorial in today’s Melbourne Age - “Prime Minister Malcolm Turnbull should listen to, not lecture, the energy industry.”
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