The government’s decision not to progress the divestment bill through the current parliament has been welcomed by the energy industry.
Australian Energy Council’s Chief Executive, Sarah McNamara, said, “We will continue working with the government and the Australian Competition and Consumer Commission on the many positive reforms proposed in its report to drive prices down.
“As the ACCC report acknowledged, the key to bringing down energy prices for Australian families and businesses is a stable policy framework that provides certainty for investors.
“The energy industry remains focused on supporting measures that will stimulate investment and deliver cheaper power for Australian households and businesses.”
A copy of the Australian Energy Council’s submission on the divestment legislation and Frontier Economics assessment is available here.