Electricity price caps may harm new entrants, investment - S&P

Tue, 18 Sep 2018

By Gavin Evans Sept. 18 (BusinessDesk) - Retail price caps in the electricity market may disproportionately harm new entrant players while also discouraging investment, ratings agency S&P Global says in an appraisal of the Australian power market. Interventions in retail practices recommended by the Australian Competition and Consumer Commission run the risk of reducing profitability and may work against the merits of an open and competitive market, S&P says in a 13-page report issued this week. It suggests greater focus should be on i...

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