Note also the comments of Roger Price (CEO of Windlab) "who was even more damning about the NEG, warning it would result in another investment freeze, like that which brought the industry to its knees during the Abbott years of the Coalition government".
Price describes the NEG as an “awkward compromise” and said his company’s position was most definitely that there should be no NEG, instead of a bad NEG.
“We are influencing all of … the stakeholders that we are better off without the NEG,” he told the webinar on Tuesday morning.
“(It) lacks market transparency, I believe it’s massively over-regulated, and I think it has …competition problems,” Price said.
“We don’t have a reliability issue (on the NEM)… So, how much do we really want to further gold plate things to lift (reliability) by another fraction of a per cent?
“The only faults we do get are in distribution system… so we’re really punching at shadows.
“So, the only reason the NEG is there is for emissions, (which means) therefore there is simply no reason to have it there… It will overburden the industry with regulation.”
IFN Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
