Lim­ited Mer­its Re­view leg­is­la­tion passed

The Australian Energy Review - - NEWS -

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.

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