Give power back to the people

Politicians and power suppliers need to shake-up energy markets to let consumer choice once more drive the electricity business.

Speaking to a conference I chaired in Sydney last month, Australian Energy Market Commission chairman John Pierce made an important point: in the end it will be consumers doing what consumers do -- making consumption decisions based on price and the service options open to them -- that will drive the way the electricity business develops.

Pierce asserted that “we have clearly commenced a new stage where the (east coast power) market’s development is being driven by consumers making a choice about the way they source and use energy.”

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