The energy industry worries about the rapid pace of ACCC reforms

He supported ACCC's request that the energy regulator establish the basic supply of the market, which will give consumers a point of reference for comparing their discounts. bills.

Alinta Energy CEO, Jeff Dimery, said retailers largely support the ACCC's recommendations to establish a reference point for the regulator. Bill offer, but there will still be a lot to understand for the energy industry over the next few weeks.

"There are a lot of details Mr. Dimery said:

Loading

" We welcome, however, the Prime Minister's statement and the Prime Minister's statement.

EnergyAustralia's director, Mark Collete, described many of ACCC's recommendations as "sensible", but warned that re-regulating basic offers would be a wise choice.

"It will be difficult for AER to re-regulate standing offers for electricity. Set the price too low and this will reduce competition; An AGL spokesman said he "recognizes that the electricity market is facing challenges that have affected customers and we are keen to review the recommendations and respond to [19659011] Regulatory Risks

Chief retailer Powershop and producer Meridian Energy, Ed McManus, told Fairfax Media that the most important aspect was the "voluntary" depreciation of the badets of the network's companies. [19659006] These companies have been accused of having excessive power infrastructure, in the order of $ 20 billion, resulting in nearly half of the bills.

The ACCC has recommended to the companies in the network to voluntarily cancel this over-investment, The government provides a multi-million dollar rebate to consumers.

The lobbying group of Poles and sons, the interim general manager of the Energet Network Tamatha Smith, said the government "ENA strongly opposes the use of the regulatory model to intervene in energy network activities, as this creates regulatory risks, increases costs and may raise prices. The ACCC acknowledged that a general depreciation would introduce a "clear regulatory risk," Ms. Smith said.

Adrian Merrick, former EnergyAustralia executive and head of the Energy Locals electricity retailer, said that the ACCC recommendations did not go far.

"Asset write-downs on network badets, which tend to account for half of an average bill, need to go further," Merrick told Fairfax Media.

"Any government badistance in these writedowns

Mr. Merrick stated that the introduction of a regulated standing offer would be a boon to consumers, by removing the discounting practices confused and potentially misleading