Tasmanian Government moves away from privatisation and stays with regulation..........

http://www.asu.asn.au/blogs/entry/tasmanian-government-moves-away-from-privatisation-and-stays-with-regulation The Minister for Energy and Resources Bryan Green today re-affirmed the Government’s commitment to open up Tasmania’s retail electricity market to competition and keep power prices down. Mr Green said the Government will deliver lower power prices despite its decision to suspend the sale of Aurora Energy’s retail business. “The 5.2 per cent cut in power prices next year is locked in and we are restructuring our energy businesses to drive further efficiencies to maintain downward pressure on prices,” Mr Green said. “Rises in electricity prices will be a thing of the past. Mr Green said the Government was still on track to introduce competition in Tasmania’s electricity market. “Auora will continue to retail electricity to Tasmanian customers, and other retailers will be allowed into the market from July 1 next year. “The full sale is not going ahead because it is clear under current market conditions we would not achieve...