TIME will tell whether the Victorian government's shock decision this week to revive its moribund State Electricity Commission becomes a pivotal moment in the transformation of the National Electricity Market, or whether it will be forgotten as a footnote to a rush of changes being introduced in reaction to an alarming increase in energy costs.
But the fact that a state government is even talking about the revival of an old-style electricity commission betrays a growing loss in confidence in the existing management of the grid.
