The Australian Energy Council has released a statement saying that reforms to the energy market must be properly considered.
The Australian Energy Council Chief Executive, Sarah McNamara, said that calls for substantial changes to energy market arrangements risked poor outcomes for consumers.
“The industry stands ready to engage with the Government in good faith on the extensive range of recommendations made by the ACCC to improve customer outcomes,” Ms McNamara said.
“The devil is in the detail and there are no quick fixes. Major reform proposals should not be supported by government without consultation.
“There is price relief in sight for Australian households and businesses. Price changes on 1 July reflected improvements in the wholesale market price.
“There is more work to do to help customers, and much of it is underway. But the industry badly needs a national climate and energy policy to guide its investment into the future and continue to bring down prices. The National Energy Guarantee must remain the focus.”