It’s time for the regulators to take a closer look at the behaviour of the main participants in the market as well as the underlying operating rules of the market.
Big energy CEOs believe there is still reason to be optimistic. It just wasn’t clear whether they were addressing their shareholders or their executives. Certainly not their customers.
Blackouts in Victoria illustrate how networks and regulators have failed to change their business models, and failed to keep up with technology.
Self serving and misleading comments from CEO of one of the country’s iconic energy businesses need to be held up as a shining example of how recent energy summit forgot about one key person: the customer.
The CET has become another political stick to beat the government with. To be more accurate, it’s a stick with which the Coalition beats itself.