Responses to the proposed energy shake-up

Australia's energy market is "broken" and needs a major reset to stop energy companies ripping off customers, a new report has found.

RESPONSES TO THE PROPOSED ENERGY SHAKE-UP

* "The national electricity market is largely broken and needs to be reset." - ACCC chair Rod Sims

* "Too much ideology and even idiocy has taken the place of engineering and economics, and energy consumers have suffered accordingly." - Prime Minister Malcolm Turnbull

* "There is good news for consumers out of these recommendations... The ACCC as the competition watchdog has got no partisan point to make." - Energy Minister Josh Frydenberg

* "We will consider the recommendations in detail and consult with stakeholders and jurisdictions as part of developing the Commonwealth's response before the end of 2018." - Treasurer Scott Morrison

* "For too long, recommendations for sensible change have been lost in the fog of the civil war being waged in the coalition party room over energy policy." - Opposition energy spokesman Mark Butler

* "The ACCC has recommended the government underwrite base-load power investments. Once again, common sense of the Nationals is vindicated." - Resources Minister Matt Canavan

* "Finally common sense in energy debate! The Nationals have been calling for government support to secure investment in base-load power generation - irrespective of fuel source - the ACCC agrees." - Deputy Nationals leader Bridget McKenzie

* "We are certainly committed to affordable and reliable energy." - Foreign Affairs Minister Julie Bishop

* "I am concerned about price. We have to put price before Paris (the international agreement on climate change)." - Conservative Liberal backbencher Craig Kelly

* "The retailers have been ripping off consumers. They've been gaming the system." - Australian Conservatives senator Cory Bernardi

* "Any policy and regulatory 'reset' will only be fair if it addresses the costs that have already been imposed on consumers." - Centre Alliance senator Rex Patrick

* "Secure power supply agreements would enhance the opportunity for private sector financing of a new coal or gas plant in Australia capable of delivering least-cost power 24/7." - Minerals Council of Australia chief executive Tania Constable

* "The ACCC has delivered faint praise for the National Energy Guarantee. It knows the National Energy Guarantee is flawed." - Smart Energy Council chief executive John Grimes

* "We are now at a pivot point where we can actually start to get this market working for consumers and bringing bills down." - Energy Consumers Australia acting boss Lynne Gallagher.


Share
3 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world