Power sector bad as banks

PRIME Minister Scott Morrison is open to starting a royal commission into the energy sector, believing power companies are just as bad as the banks. The idea of a royal commission into the energy sector was floated by his Liberal leadership rival Peter Dutton two weeks ago.

“I’m open to it though, and I’ll look at it,” Mr Morrison said yesterday.

He said he was taking a “big stick” approach to bringing power prices down. “If I feel they’re not responsive, well, I’m prepared to take what action is necessary,” he said.