The Australian Energy Regulator’s findings that large power generators may be artificially pushing up prices for consumers at peak periods represents a failure of the privatisation of the sector, South Australian Energy Minister Tom Koutsantonis says.
Mr Koutsantonis pointed to the AER’s report, released on Friday, which examined five instances where one electricity supplier increased the bid price of its capacity with the aim of increasing revenue and inflating its returns.
Source: https://www.afr.com/policy/energy-and-climate/power-findings-show-failure-of-privatisation-sa-energy-minister-20241220-p5kzwz