Households face an extra $3bn on their collective energy bill after a court ruled in favour of huge monopoly power networks
A federal court decision this week represents a possible end to a two-year battle that will see New South Wales households charged an extra $3bn on their collective energy bill and put upward pressure on bills in other states too.
The ruling comes after a complex legal stoush between three parties and highlights what some say is a failed regulatory framework where huge monopoly businesses can game the system to gouge consumers for essential services.
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