Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 9-Jul-19
Energy Users Association of Australia CEO Andrew Richards has questioned whether the federal government can deliver on its promise to reduce wholesale electricity prices to $70 per megawatt-hour by 2021. The wholesale price of electricity is currently around $95 per megawatt hour, and Richards says it is unlikely to fall much below $80. He adds that the federal government’s intervention in the energy market has also "spooked" some investors.
ENERGY USERS ASSOCIATION OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ENERGYAUSTRALIA PTY LTD, GRATTAN INSTITUTE, AUSTRALIAN ENERGY COUNCIL