Competition chief Rod Sims has dismissed suggestions a landmark energy report he issued on Wednesday backed government support for coal, as Coalition figures used the claim to push public subsidies for a new coal-fired power plant to solve Australia's energy crisis.
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| ACCC chairman Rod Sims. |
Nationals MPs latched onto a key recommendation that new “firm” generation capacity be underwritten by the government to support new entrants by giving them a long-term guarantee that Canberra would buy electricity to help them secure finance.
"It is technology neutral and if you are interested in affordability best to stay that way," Mr Sims said. "It's not targeted at baseload power and it's not targeted at coal.”
Read the story from The Age by Eryk Bagshaw - “ACCC rejects coal-fired power support claims.”
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