The NFF’s submission supports the need to better monitor the prices, profits and margins in the supply of electricity in the National Electricity Market (NEM). A failure in policy, regulatory design and competition in the electricity sector has contributed to excessive electricity prices for Australian farmers. To that effect, a transparent and robust analytical framework for monitoring is critical to safeguard the NEM to ensure adequate competition. The submission provides for consideration a number of comments as they relate to the agricultural sector, including retail price data, wholesale price, profitability and the impact of policy developments.
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