Energy industry in sharp rebuff to forced sell-off policy

The energy industry has reacted sharply to proposals for forced sales of power company assets and government-fixed electricity prices in the wake of yet another major policy shift.

Despite the threats of forced asset divestments,
it would not be an easy task for the government.

On Monday, Prime Minister Malcolm Turnbull announced the quashing of federally legislated emissions reduction targets within the NEG, saying the government would pivot to implement recommendations from a recent Australian Competition and Consumer Commission electricity investigation to reduce high power costs as a higher priority.

Read the story from The Age Cole Latimer and Peter Hannam  - “Energy industry in sharp rebuff to forced sell-off policy.”