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Move to end appeals for energy companies

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August 10, 2017

Josh Frydenberg wants to stop energy companies appealing decisions about how much they can charge.

The federal government is moving to abolish a regime that allows power companies to appeal decisions about what they can charge customers.

Energy Minister Josh Frydenberg on Thursday introduced to parliament a bill that effectively ends the limited merits review (LMR) which, he says, has increased consumer bills by $6.5 billion.

"In the face of escalating energy prices, the government is taking action to stop energy networks using the LMR to extract monopoly rents from consumers," Mr Frydenberg told MPs.

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