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'Huge energy affordability problem' caused by rapid policy changes and lack of competition: ACCC chief -

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The Australian Competition and Consumer Commission has blamed sky-rocketing electricity prices partly on government deregulation over the past ten years, made 'with no regard' for power affordability.

The ACCC has been asked by the Government to conduct an inquiry into affordability, which has also been affected by rising gas and coal prices, but much less than has been reported.

Chairman Rod Sims says higher costs of poles and wires due to standards changes makes up 50 per cent of power bills.


Chairman Rod Sims, ACCC Chairman