Power generator rort alleged

Brian Robins

AUSTRALIA’S largest power generator, Macquarie Generation, has been accused of manipulating prices in the wholesale electricity market in an attempt to offset the effect of the carbon tax.

On successive days in recent trading, it has withheld some electricity supply, and this has immediately driven wholesale electricity prices higher.

The Australian Energy Regulator has noticed unusually large price rises since the introduction of the carbon tax, and is continuing to monitor the market.

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