Another big stick policy comes bit unstuck

Another of the federal government 'big stick' policies designed to force down power bills has run into trouble after the energy market rule maker rejected its proposal for a cap on default electricity prices.

The government's planned regulated power price has
been knocked back by the sector's rule maker.

This rejection came as Labor and Liberal state energy ministers plan to push for the development of policies to achieve a net zero emissions energy system by 2050 at a meeting of the Council of Australian Governments (COAG) Energy Council on Wednesday.

Read the story from The Age by Cole Latimer - “Another big stick policy comes bit unstuck.”

(And this from a market-driven coalition government - the big stick policy sounds remarkably like socialism - Robert McLean)