The energy market rule maker has slammed the government’s "patchwork" approach to policy, warning a focus on short term fixes was undermining the prospect of lasting solutions to high power prices.
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| PM Scott Morrison has hitched his wagon to "fair dinkum" power. |
The Australian Energy Market Commission's submission to a senate inquiry into the federal government’s so-called Fair Dinkum Energy policy, released on Friday, offers a withering assessment of the state of play.
The government's policy proposals include a regulated basic electricity price for households and the power to break up companies found to be behaving poorly in the market.
It unveiled the policies after ditching the National Energy Guarantee, which enjoyed widespread support from many stakeholders, and in the wake of an Australian Competition and Consumer Commission’s electricity review which found the energy market was ‘broken’ and not operating in customers interest.
Read the story from The Age by Cole Latimer - “Rulemaker warns current 'patchwork' of policies won't fix power prices.”
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