Turnbull’s NEG may be dire for energy market

Original article by Mark Ludlow, Angela Macdonald-Smith
The Australian Financial Review – Page: 12 : 9-Mar-18

The CEOs of 10 small electricity retailers have warned that the Federal Government’s proposed National Energy Guarantee could result in higher electricity prices. They have cautioned the Energy Security Board against making significant changes to the energy system, noting that an additional 3,800 megawatts of low-emissions electricity will become available in the next several years and a further 40,000 megawatts has been proposed. ERM Power’s founder Trevor St Baker also warns that the NEG could increase the market power of the three largest electricity retailers, which also generate electricity.

CORPORATES
AUSTRALIA. ENERGY SECURITY BOARD, ERM POWER LIMITED – ASX EPW, 1ST ENERGY, COVAU, LOCALITY PLANNING ENERGY HOLDINGS LIMITED – ASX LPE, ENERGY LOCALS, CLICK ENERGY, WINCONNECT, NEXT BUSINESS ENERGY, GLOBIRD, BLUENERGY GROUP LIMITED, COUNCIL OF AUSTRALIAN GOVERNMENTS, CLIMATE COUNCIL OF AUSTRALIA LIMITED, GRATTAN INSTITUTE

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