Electricity prices: ACCC calls for new powers to fix 'market manipulation'

Australian Competition and Consumer Commission says energy market 'unacceptable and unsustainable'Consumers could save hundreds of dollars a year on their power bills if legal changes boosted competition among electricity wholesalers and retailers, the competition watchdog has said.A report by the Australian Competition and Consumer Commission, to be released on Wednesday, calls for new powers for the Australian Energy Regulator to target "market manipulation" and a reset of the national energy market to reduce "unnecessary costs" such as network charges. Continue reading...