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The political problem for Abbott is that the "competitive" electricity market is an ideology that sits somewhat closer in principle to the Liberals than to Labor or the Greens (though all 3 have to some extent supported it). And it's the adherence to that view of how it "should" work which has driven much of the price increase, rather than the carbon (or any other) tax.
Perhaps most notable of all is that energy is now a major national issue. We're talking about the outcome of the next federal election here, not a local issue about land use, who gets to press the big button at the opening ceremony or even a state election. Such is the extent of the troubles in the industry that the price of power is now attracting more attention than interest rates or petrol prices.
Just wait until there's a major failure and the lights really do go out. THEN things will get really interesting, really quickly. There's an awful lot of shortcuts and other profit-driven things being done so it's only a matter of time....