After election, energy war reignites between government and industry

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.

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