Teething troubles

Following decades of cloistered state control and the exit of a number of largeUS players, the Australian power market is going through a period of hiccups. Paul Lyon reports on the outlook for the country’s electricity sector

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

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