The Morrison government wasted little time putting the heat back on the energy sector after its election victory, committing to hardline interventionist action designed to reform and punish the power industry.Energy Minister Angus Taylor is staring down the power industry as he keeps the pressure on after the election win.
They were introduced after the government dumped its own energy and emissions policy aimed at driving down both power prices and greenhouse gas levels, the National Energy Guarantee . Energy providers called many of these rules market-wrecking actions, particularly the forced divestment power, known as the government’s ‘big stick’.The government had managed to get most of these new rules underway ahead of the election, apart from the ‘big stick’. Most should come into force on 1 July.
Instead, it found itself blindsided by the Coalition victory and the realisation its harsh interventions would be implemented.
LatimerCole Good. A red light for the gravy train. Gold plating and profiteering to finance their pivot to rent seeking renewables and all the subsidies they entail. One golden rule , if Macquarie Bank are knee deep in anything it is bad for the community and the public purse
LatimerCole gscsydney Dom_Perrottet Power shortages in next hot summer are unavoidable. The more energy hungry high rises are built for new immigrants, the worse the situation will become. When will the media finally dig into the numbers? NSW coal plants maxed out
LatimerCole Yep they are shattered- prices going up, rate basis changed. Lol they are prepared.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New lobster deal hits the rocks as industry rejects Government deal, scuppering proposed festivalThe state's rock lobster industry walks away from a deal struck with the WA Government to make more lobsters available at lower prices to West Australian consumers.
Source: abcnews - 🏆 5. / 83 Read more »
Shares surge on Morrison Government's predicted re-electionThe big four banks and private health insurers are surging, leading strong share market gains on the back of the Morrison Government's predicted re-election. Well they have 3 years to make what profit they can and send it overseas... Seems markets were concerned about the franking credits after all. peterjon79 How much did abc lose by libs getting in ,millions in funding?,love it,being biased cost you dearly.
Source: abcnews - 🏆 5. / 83 Read more »
With the election all but over, what's next for the Morrison Government?Having returned the Coalition to power, albeit possibly in minority government, it's time to consider what will be Scott Morrison's first order of business. Fascism Removing the lefty bias from the ranks of the Whatever Rupert says
Source: abcnews - 🏆 5. / 83 Read more »
'False narrative' from polling may have ended Malcolm Turnbull, says industry veteranConsistent polling errors over the past few years could have created a parallel universe in Australian politics says long-time Labor party pollster John Utting. I hope Barry Cassidy is included in this. Political pollsters are most likely employees of MSM who in turn are owned by wealthy folk who can influence the course of political events. They got it wrong because they attempted to sway public thinking without having their collective ears to the ground. Pollsters are fake news or fake polls 101....and when they ring us or talk to us we say nothing to them ...they are progressive tools...numbers are not wrong it is the people who add up the numbers that are wrong or just left,,ABC you are fake news
Source: abcnews - 🏆 5. / 83 Read more »