The energy industry is tentatively backing the consumer watchdog’s recommendations to fix a broken electricity market but remains wary of the unintended consequences of rapid reform.
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| The ACCC wants to cap market control levels but supported companies expanding their share by building new generation such as wind farms. |
On Wednesday, the Australian Competition and Consumer Commission made 56 recommendations to fix Australia's energy market, pushing for measures that could slash households' power bills by a quarter.
Read the story by Cole Latimer from The Age - “Energy industry raises concern over speed of ACCC reforms.”
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