Grattan Institute urges compensation for higher power bills caused by energy grid ‘gold plating’
Consumers must be compensated for higher bills caused by the excessive “gold-plating” of electricity networks and the value of energy assets should be written down, according to a report out today. The Grattan Institute blames “poor decisions” by governments in New South Wales, Queensland and Tasmania for driving unnecessary investment in power networks, which has ultimately left consumers footing the bill. In the Down to The Wire report, the Grattan Institute estimates consumers in those three states are being slugged between $100 and $400 more a year as investment outstripped population growth and demand. “Consumers connected to the National Electricity Market are …
