Generators cleared of collusion, may face ASIC inquiry - EA

Wed, 27 Feb 2019

By Gavin Evans Feb. 28 (BusinessDesk) - The country’s major electricity generators have been cleared of tacit collusion during last year’s electricity price spikes but may yet be subject to investigation by the Australian Securities and Investments Commission. The Electricity Authority says it found no evidence of anti-competitive behaviour in the market during a period of sustained high prices from late September through November. Nor did it believe Contact Energy and Genesis Energy – as major gas buyers during the period - had any ma...

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