Energy chief lashes dangerous bill

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 3 : 7-Feb-19

A Senate committee has been told that a bill to force the divestment of energy assets would create greater uncertainty in the electricity sector. EnergyAustralia MD Catherine Tanna has told the committee that the bill was poorly drafted and there had been insufficient consultation. Frontier Economics has warned of the proposed divestment powers’ impact on investment in the electricity sector. However, others have argued that the reforms are necessary to curb the market power of large vertically integrated electricity suppliers.

CORPORATES
ENERGYAUSTRALIA PTY LTD, FRONTIER ECONOMICS PTY LTD, GRATTAN INSTITUTE, BUSINESS COUNCIL OF AUSTRALIA, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, UNIVERSITY OF MELBOURNE, AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN ENERGY REGULATOR, SIMEC ENERGY

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