AEMC – Tell us how to save $11 billion

The Australian energy rule-maker has jumped into the political firestorm that is electricity prices and while it at least acknowledges the problem, its latest paper offers more questions than answers.

On Saturday the Australian Energy Market Commission (AEMC) released the directions paper, Power of choice - giving consumers options in the way they use electricity. This is part of a long-running investigation by the AEMC into the extent to which we might be able to reduce the cost of meeting our electricity needs by getting energy consumers to do things like:

-- Reduce electricity consumption overall through greater energy efficiency.

-- Reduce electricity peak demand by shifting demand to less busy times of the day.

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