Energy rule-maker rejects rent-seeking bid, protects consumers

Public Interest Advocacy Centre
Energy consumer advocate, the Public Interest Advocacy Centre, strongly supports the Australian energy rule-maker’s decision to reject a request from energy network businesses to change network financing rules to the detriment of consumers.
The Australian Energy Market Commission (the Commission) today rejected Transgrid and ElectraNet’s bid to allow them to recover revenue for large capital investments sooner, on the basis it is unnecessary and would create higher up-front costs for consumers.
‘This decision is a win for all consumers and a strong stand by the Commission against rent-seeking by electricity network businesses’ said Craig Memery, Head of Energy Policy, Public Interest Advocacy Centre.

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