The Government has signalled that it is willing to take strong measures to ensure power prices fall while trying to resist naysayers within the Coalition ranks.
Some Coalition backbenchers are threatening to cross party lines and vote against the NEG, with former Prime Minister Tony Abbott and former Deputy Prime Minister Barnaby Joyce criticising the Governmentās proposal.
Detractors believe that the NEG wonāt reduce the cost of power by a big enough margin.
Defections from within the Coalition ranks could spell death for the NEG, unless the Government is able to convince Labor to vote in favour of it.
In order to appease the potential defectors, the Prime Minister has apparently said that they will not rule out taking strong measures to reduce the average price.
A Government source said that if they needed to use āa big stickā to force down prices, then they would.
Malcolm Turnbull has insisted that he has ālaserā focus on getting a reduction in power bills for household and says that the NEG will work to deliver that.
The cost of electricity is the primary concern for the NEGās detractors many of whom have reserved their position on the matter.
The Government source said that the Prime Minister was āreaching outā to the concerned MPs and āholding constructive discussionsā.
Scott Morrison, the Federal Treasurer, said that the Government was looking at a standard electricity price so as to reduce energy bills, but disclaimed that it would need to be designed carefully in order to ākeep these big energy companies under controlā.
He went on to say that they needed to āget the balance right on regulationā for fear of prices being driven up in response.
With a default price, consumers would be able to compare and see if they were being overcharged by their energy provider.