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The New Daily
The New Daily
James Robertson

Power companies accused of engineering crisis for profit

Electricity AEMO Australia Chris Bowen Queensland Australian Energy Regulator
Energy Minister Chris Bowen says regulators are watching power companies "very closely". Photo: TND

Multibillion-dollar power companies are being accused by regulators of driving the power shortages striking the nation in order to receive more compensation payments.

Power companies yanked more than 6.5 Gigawatts of electricity supply out of the national markets before the grid experienced acute stress on Tuesday, triggering warnings that millions of Australian homes would face potential shortages.

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