[AussieTrooper (Ben)]

Originally Posted by bugeater

These are regulated industries. There is a lot more at play than simply private providers are "greedy".

That regulation has its limits. Each generator submits a schedule of pricing at which it is willing to generate. If the big generators colluded to increase their prices, the market price has no choice but to react accordingly. With Morwell gone, and either Hazelwood or Yallourn likely to follow soon, this gives the remaining large generator Loy Yang (owned by GDF Suez and AGL) immense power (if you’ll excuse the pun) to affect pricing.