Federal Government intervenes in Victorian energy market
The Federal Government intervened in Victoria’s energy market, underwriting revenue at the Portland aluminium smelter in exchange for the ability to order the facility to reduce its power consumption during periods of high state-wide electricity demand. The Portland facility is a major user of electricity, representing around 10 per cent of Victoria’s electricity demand. The Federal Government has said that it’s $76.8 million investment over four years will help to ease press
