Submission to the Senate Select Committee on Electricity Prices
Electricity represents a fundamental input to both industry and households. Ensuring that the appropriate frameworks and incentives are in place so that Australia has competitive electricity markets is a critical element underpinning Australia’s future prosperity.
Electricity prices should reflect the efficient costs of providing electricity to end-users. Prices should not be artificially held below efficient costs as this can result in under-investment, which can exacerbate price outcomes in the longer term.
In particular, retail price regulation and/or government intervention should not be utilised to artificially hold electricity prices below their efficient levels.
Read or download the Business Council of Australia Submission to the Senate Select Committee on Electricity Prices here.