Electricity price monitoring and response legislative framework consultation paper
The submission to the Treasury in response to the Electricity Price Monitoring and Response Legislative Framework was prepared by the Competition & Consumer Committee of the Business Law Section of the Committee of Australia (the Committee).
The Committee recognises the significant community concerns about electricity pricing that the proposals seek to address. However, the Committee respectfully submits that a longer consultation period would be preferable to address the significant proposals outlined in the consultation paper, that have far reaching implications for Australian competition policy.
A more meaningful timeframe for constructive comments is more likely to lead to effective and workable reforms with less risk of unintended consequences. Given the time constraints, the Committee has only expressed broad policy views on a few of the key proposals.
You can read the full submission below.