The federal government has launched a strident attack on the nation's largest power companies accusing them of making runaway profits as it prepares to introduce new laws that would allow it to break up energy businesses and set prices.
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| Bloomberg has forecast energy company profits to jump more than a quarter over the next two years. |
Federal Energy Minister Angus Taylor on Sunday used a combination of company statements and analyst forecasts to claim the three largest power companies - AGL, Origin and EnergyAustralia - would see their collective profits almost double in the five years from 2015 to 2020.
Read the story from The Age by Cole Latimer - “Minister's blast: Power company 'record profits' must stop.”
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