Move to end appeals for energy companies

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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