Teething troubles


The Australian Competition and Consumer Commission (ACCC) is concerned by therecent wave of merger activity within the country’s electricity sector.Power traders say continued consolidation, coupled with an illiquid power tradingmarket, threatens to stall any progress that has been made in the developmentof a wholesale electricity market.

US companies, such as Aquila and Duke, have been fleeing the Australian marketfor a number of years – mostly due to cash pressures in their US home.And acc

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