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Network operator Spark Infrastructure has warned that further regulatory changes to the energy market risk raising power prices for consumers.

Spark, which lifted first-half profit 19 per cent to $58.1 million, says many of what it called ‘an unprecedented level of concurrent and overlapping reviews … seek to undermine the integrity of the regulatory system’.

Highlighting the Australian Energy Regulator’s proposed rate of return guideline and regulatory tax allowance review, Spark – which operates in NSW, Victoria and SA – says changes could add significant cost and risk to its business.