Energy Council Welcomes Government Decision On Divestment Bill

The Australian Energy Council welcomes the Government’s decision not to progress its big stick legislation through the current Parliament.

The Australian Energy Council’s Chief Executive Sarah McNamara said, “we will continue working with the Government and the Australian Competition and Consumer Commission on the many positive reforms proposed in its report to drive prices down.  

“As the ACCC report acknowledged, the key to bringing down energy prices for Australian families and businesses is a stable policy framework that provides certainty for investors.

“The energy industry remains focussed on supporting measures that will stimulate investment and deliver cheaper power for Australian households and businesses.”

A copy of the Australian Energy Council’s submission on the divestment legislation and Frontier Economics assessment is available here.

About the Australian Energy Council

The Council represents 23 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.