Menu
Business

Business forum discusses need for national energy reform

The Australian Government wants to make changes to way the energy market operates for consumers.
The Australian Government wants to make changes to way the energy market operates for consumers. Tegan Plant / Chinchilla News

MAJOR reforms to Australia's electricity markets, to improve prices for consumers and business conditions, were on the way, after business leaders discussed the potential changes with the Prime Minister on Thursday.

Energy market reforms were one of the chief agenda items on the Council of Australian Governments business advisory forum in Canberra.

Among the reforms are several initiatives which Prime Minister Julia Gillard announced last week, including numerous changes to way the market operates for consumers, and how much information people can get about power prices.

In a communiqué on the meeting, business leaders agreed reform was needed, confirming a long-awaited need, and that COAG should take responsibility for reforms, to promote a shared approach between the Commonwealth and the states.

The reforms will be discussed at the official COAG leaders' meeting on Friday, despite comments from various state leaders and ministers that not enough detail has been circulated about the reforms.
 

Topics:  australian government business electricity energy julia gillard reform


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Peanuts are loving the rain and the heat

SWEET RELIEF: Wooroolin farmer Noel Weller said a little more rain in the next fortnight will kick the early season peanuts into gear.

"If we can get rain in the next ten days we'll have a good season.”

Don't delay: this test could save your life

LIFE-SAVING: Rob Patch is on a mission to convince people to have their sleep apnoea checked in order to prevent an early death.

"The doctors said I had come there to die.”

Honest fuel pricing welcomed by drivers

From Monday, February 19, service station are banned from displaying the discounted fuel price on their signs.

No more discounts displayed on signs.

Local Partners