Back in July, The Australia Institute (TAI) released a report, which found that electricity prices have increased at three times the rate of CPI, primarily due to companies ‘gold-plating’ financial assets and passing those costs onto consumers.
Then in October, chair of the Australian Electricity Regulator, Paula Conboy, added weight to the TAI’s analysis, claiming that ‘gold-plating’ investments in distribution networks have been the biggest cause of electricity price rises over the past decade.
