static image

Divestiture changes a substantial step forward

"Ai Group welcomes steps taken to address widespread concerns with the proposal to introduce divestiture powers into the regulation of the Australian energy sector," Ai Group Chief Executive Innes Willox said today.

"Providing legal checks and balances to the divestiture power represents a substantial step forward but also raises the question of whether they are needed at all.

"Ai Group would prefer to assess the effectiveness of other measures aimed at improving the workings of the energy market before reconsidering the need for the more extreme divestiture route," Mr Willox said.

Media enquiries: Tony Melville – 0419 190 347