Changes to gas and electricity procurement needed to ensure supply: Minister

Federal Energy Minister Martin Ferguson has flagged further privatisation of energy assets in a White Paper revealing $240 billion of investment is needed in the gas and electricity industries over the next two decades to ensure reliable supply.

The Paper states there is no compelling case for the continued government ownership of energy assets, which creates competitive tensions in markets and discourages private investment. 

"We're getting to a point where we need new investment and more efficiently managed systems," Ferguson said.

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