Energy industry warns Morrison power plans would disrupt market was the story to begin the week in the AFR. Meridian Energy Australia chief executive Ed McManus said that the government intervention risked crowding out investors from the energy market and creating a “spiral effect”:
- “The more the government do things, the more private investors hold back. The more private investors hold back, the more there is a need for government to do things,” he told The Australian Financial Review.
“You get in a position where, looking out several years, the market as we know it disintegrates. When that happens you need very, very deep pockets to fill the gap.”