The Prime Minister has recently outlined more changes to his NEG scheme, prompted by growing internal disruption from within the Coalition ranks.
This comes after the PM’s office said it would not rule out taking tough action to get the National Energy Guarantee passed through Parliament.
The Government has so far already backed down on a proposal to integrate Paris emissions targets into Commonwealth legislation.
In the Facebook video, Mr Turnbull described a plan to force default power prices on providers as well as impose heavy penalties for those that did not bring their costs down.
Both of these measurers came recommended by the ACCC.
He said that “through more competition” and “other changes” that the average energy cost for Australians would go down.
He threatened that if companies failed to pass on the savings, “the ACCC will put them on notice”. He also said they would “implement the toughest penalties” to ensure Australians were getting “value for money”.
He went on to reiterate the ultimatum made by his office, saying that “we will not hesitate to use a big stick” in order to make sure power companies complied.
Federal Labor has also drafted its own energy policy that is quite similar to the Government’s, promising to cut power prices for homes and small businesses. It also said it would support a default energy cost.