O’Reilly also said the government had powers not unlike the Australian Competition and Consumer Commission to demand proof of any demands Origin made for subsidies.
One factor in the government’s favour is that Origin is the biggest energy retailer in NSW and will have to “cover its hedge position”, O’Reilly said. The Minns government’s first budget, to be unveiled on 19 September, will also include $1bn to set up a new energy security corporation, an election commitment.
“We want to give households and communities more power to make choices about how they generate and use energy,” the energy minister, Penny Sharpe, said.
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