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ACCC Chairman hits out at ‘greatest crisis facing the country’

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AGL maintains Liddell is “not for sale” despite interest in the New South Wales-based power plant.

The energy company’s rival Alinta is prepared to offer $1 billion for the facility, but the deal is being rejected.

The federal government is urging AGL to consider offloading the plant if it’s not prepared to keep it open beyond 2022.

Australian Competition & Consumer Commission Chairman Rod Sims tells Ray the sale would be good for consumers.

“For many consumers, prices have doubled over the last 10 years.

“I think the level of electricity prices and gas prices constitutes the greatest crisis facing the country frankly.

“Our focus is on how to get those electricity prices down.

“We’ve always thought an alternative owner of Liddell would be better for competition and therefore better for consumers.”

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