ACCC calls for reform across National Energy Market

A NEW Australian Competition and Consumer Commission  report into the National Energy Market has urged for broad changes across the national energy market, labelling it currently as ‘unacceptable and unsustainable.’

ACCC calls for reform across National Energy Market ACCC calls for reform across National Energy Market ACCC calls for reform across National Energy Market ACCC calls for reform across National Energy Market ACCC calls for reform across National Energy Market

ACCC calls for NEM reform

It recommend the adoption of the federal government's National Energy Guarantee, and renewed its calls for reinvestment and deregulation of Australia's gas exploration and development. 
 
"At a time when gas-powered generation has become more important with the exit of large coal-fired plants, the extent of LNG exports from the East Coast and government moratoria on on-shore gas exploration and development have stifled the availability of gas at a low price," it said. 
 
Released today, ‘Restoring electricity affordability & Australia's competitive advantage,' called for a large boost in competition throughout the wholesale and retail energy networks, in an effort to see consumer prices drop. 
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