NEG’s new framework may raise costs, industry groups say

Energy industry groups are concerned the National Energy Guarantee may create barriers for new companies entering the electricity market and fail to cut power costs.

Industry groups warned that the NEG may make it more
 difficult for competition in the energy market.

It comes as stakeholders gathered on Monday to discuss the framework for the NEG at the Energy Security Board public forum.

The public forum examined the different design options for the National Energy Guarantee and sought to act as a vehicle for discussion to achieve what ESB deputy chairwoman, Clare Savage, called "a high-level model for the COAG Energy Council" rather than showcasing a final result.

Read Cole Latimer’s story in The Age - “NEG’s new framework may raise costs, industry groups say.”