Coalition signals competition law changes to deal with energy market concentration

The Turnbull government is signalling changes to the competition law to deal with market concentration in the energy sector.

 Josh Frydenberg is waiting on advice from the Australian
 Competition and Consumer Commission about electricity
prices and market dynamics 

The move comes as the energy market operator reports that the national energy grid maintained high levels of reliability over the summer, despite a number of heatwaves, and there were no supply interruptions due to insufficient generation.

After a discussion in the Coalition party room on Tuesday where a backbencher advocated a change in the competition law to stop companies providing essential services from acting uncompetitively, the energy minister, Josh Frydenberg, said he was “worried” about the current level of concentration of ownership in the energy market “and what that means for consumers”.

Read the story from The Guardian by Katharine Murphy - “Coalition signals competition law changes to deal with energy market concentration.”