Energy retailer ERM Power says last-minute changes to the National Energy Guarantee proposed by South Australia could force consumers to pay the price of excessive investments in power generation.
"Consumers will pay a very high price for unnecessary over-build and over-contracting for shortages that don't exist," said ERM Power chief executive Jon Stretch. "We're living with the legacy of gold-plated networks so why repeat that mistake with generation?"
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Ben Potter writes on energy, climate change and innovation, and has been Washington correspondent, opinion editor and companies editor. Connect with Ben on Twitter. Email Ben at bpotter@afr.com
