, is due to make its decision later this month.
Hilariously, the ACCC asked Brookfield to explain why it would not be possible to sell its 45.4 per cent AusNet stake, so it could buy Origin. The bigger issue, though, is much broader than Brookfield and exactly on whose behalf it would own/manage a big energy markets business. It is who is going to fund Australia’s already difficult, lagging and expensive energy transition.
The gentailers, with their big customer books, can effectively write their own contracts. They can build a renewable generator knowing they also have the retail arm that can charge more or less for power prices, as required. That’s the same reason. They can also use near-term cash flows from old coal-fired generators to fund developments. The gentailer model is as strong as ever.
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