energy market: The national energy market will need about 400 billion in new power-generating infrastructure over the next three decades, the Grattan Institute said in a report released today, according to Nine News Australia. But policies like the federal government's touted big stick power legislation - which would allow it to break up energy monopolies - are hurting investment. To improve your experience update it here News National Higher power bills caused by 'chaotic' government interventions, report says By 9News Staff10 55am Oct 8, government interventions into Australia's energy sector are raising power prices and scaring off investment, a report has found. Nine Finance Editor Ross Greenwood says Australia lacks enough power generation for the national grid, highlighted by the power blackouts in Victoria last year. The Grattan Institute report found government interventions into Australia's energy sector are raising power prices AAP He says the lack of supply and high prices risk becoming worse with the closure of coal-fired power stations around the country and the failure of renewables to fill the energy gap. The report shows power companies have made more money, and that really government intervention has meant not enough new energy sources have been built, he told Today.
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