Original article by Ben Potter
The Australian Financial Review – Page: 7 : 17-Oct-17
The Australian Competition & Commission has released the interim report of its inquiry into electricity prices. The report concludes that electricity network costs were the main cause of a sharp rise in electricity prices over the last decade. Meanwhile, ACCC chairman Rod Sims says that although a Clean Energy Target could potentially contribute to downward pressure on wholesale electricity prices, this might be offset by the impact of renewable energy target subsidies on electricity prices for consumers.
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, JACOBS GROUP (AUSTRALIA) PTY LTD, AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, FRONTIER ECONOMICS PTY LTD