The Australian Energy Council has tentatively supported the Albanese government's expanded Capacity Investment Scheme, stating that it could help accelerate the deployment of renewables and storage. However, the council also warned that the scheme could distort the market and called for industry consultation to ensure its effectiveness.
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Imminent Failure of Bid for Origin Energy Demonstrates Upending of Energy MarketThe imminent failure of a bid for Origin Energy highlights the changing dynamics of the energy market and the growing power of Australia's industry superannuation funds. AustralianSuper's position as a major investor is critical to the fate of the vote on the deal. The consortium has a few weeks to decide on a higher price offer.
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