Moving to a Venezuelan energy policy

Scott Morrison put in a fine effort to stop the votes that would have retained Wentworth for the Liberals. And he succeeded. Now he seems intent on stopping the $200 billion worth of investment that will be needed to transform the electricity sector.

Craig Emerson in his weekly column for the AFR on Monday drew attention the Venezuelan comparison. On 22 November 2017 they passed a law:

    Known as the Constitutional Law of Agreed Prices, the law authorizes regulatory authorities to reach agreements with industry representatives on maximum sale prices for key staples.

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