Limited Merits Review legislation passed
THE Turnbull Government has passed legislation that will remove energy network companies’ ability to appeal decisions made by the Australian Energy Regulator.
Introduced in 2008, the Limited Merits Review (LMR) allowed network companies to contest decisions, and has seen consumers pay $6.5 billion more on energy bills.
Federal Energy minister Josh Frydenberg said the new law would put an end to network companies “gaming the system at the expense of consumers”.
“The Turnbull Government is focused on delivering more affordable and reliable energy and the legislation passed today puts Australian households and businesses first,” Mr Frydenberg said.