ACCC welcomes new electricity generation investment in South Australia

8 June 2018

The ACCC welcomes today’s announcement by the South Australian Chamber of Mines and Energy and SIMEC ZEN Energy of investment in new electricity generation capacity in South Australia.

“The ACCC authorised SACOME members to go to market to find a more competitive supplier of electricity. We did this because, as a group, they had a better chance of securing supply from a new source of generation that would bring new competition to the market,” ACCC Chair Rod Sims said.

“We are pleased that SACOME has been successful in its efforts to sponsor new generation capacity in South Australia, and source a lower price for electricity for its members. New independent generation capacity is critical to improving competition and helping bring down electricity prices," Mr Sims said.

Release number: 
106/18
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