the inquiry will examine potentially unlawful anticompetitive conduct by the big power generators.
The parent company of EnergyAustralia, the country’s third-largest generator, warned investors it was headed for a half-year loss because of “challenging and extreme” market conditions. Hong Kong-listed CLP Group said outages at EnergyAustralia’s Yallourn coal plant in Victoria and Mt Piper in NSW had helped drive a $1.1 billion earnings drop since January, forcing the company to buy more expensive electricity on the wholesale market.
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So how about putting up the original photo? Yallourn’s cooling towers release steam! Really pathetic!
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Competition watchdog to investigate potential gaming of energy marketThe national competition watchdog will conduct an investigation into the behaviour of power companies during the electricity market crisis last week. | micksfoley NickToscano1 micksfoley NickToscano1 mmm... ok... another quasi govt organisation to investigate something... wow... no wonder people are struggling or homeless with all these organisations (tax payer funded) to examine stuff ups AFTER they happen... how about good govt structures and less of all these others.. micksfoley NickToscano1 Can guarantee they will have no adverse findings just like all the millions of $’s spent on investigating fuel prices yet zero penalties resulting micksfoley NickToscano1 Surely there is a key component in the system that's made in China so we can blame them for it.
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