Energy rule-maker fails electricity consumers

Australia's energy rule-maker has just put forward plans for electricity market reform that still appear to be beholden to the wishes of state government-owned electricity networks.

Over the last two weeks the Australian Energy Market Commission (AEMC) – which sets the rules for how energy markets in Australia function – has released two major reports on reforming how we regulate and price energy network infrastructure. While there are some useful reforms in these reports, they fall short of what’s required to address excessive investment in networks.

The proposals for reform relate to two areas:

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