ACCC power would be a catastrophe

Original article by Ben Potter
The Australian Financial Review – Page: 9 : 22-Aug-18

Danny Price of Frontier Economics has warned that giving the competition regulator the power to break up vertically integrated energy companies would undermine investor confidence in both the sector itself and other industries that could potentially be subject to such regulation. Price adds that consumers would be worse off, as AGL Energy, EnergyAustralia and Origin Energy have accounted for the bulk of investment in new electric power generation capacity over the last decade.

CORPORATES
FRONTIER ECONOMICS PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AGL ENERGY LIMITED – ASX AGL, ENERGYAUSTRALIA PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA. ENERGY SECURITY BOARD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BLOOMBERG NEW ENERGY FINANCE, MELBOURNE BUSINESS SCHOOL, RESERVE BANK OF AUSTRALIA, HIGH COURT OF AUSTRALIA

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