'Of course we want profitable energy companies, but we want families receiving cost of living relief as well.' 'I don't agree with any arguments to say energy company profits should be prioritised,' he told ABC Radio on Thursday. 'The AEC considers that in recent years the pendulum has swung well away from supporting reasonable and efficient margins and that the retail market is becoming increasingly unattractive as a site for equity investment,' the submission said.īut Mr Bowen said he did not want to see excessively high power prices for consumers.
While the submission said the regulator needed to find a balance for consumers to be protected from unreasonably high prices, providers were being affected.
