The Australian Competition and Consumer Commission (ACCC) has issued a media release about its engagement with electricity on-sellers to ensure that they pass on all carbon tax repeal cost savings to consumers. The ACCC has moved to the next stage in its carbon tax repeal role.
Under the new price exploitation provisions of the Competition and Consumer Act 2010, anyone engaged in the supply of electricity is required to pass on cost savings attributable to the carbon tax repeal. This means that electricity on-sellers must pass on to their customers all carbon tax repeal cost savings they receive from their electricity supplier, including any refunds.
The ACCC has contacted large electricity on-sellers to make sure they are aware of their obligations and will be engaging with the industry more broadly including caravan parks, strata managers, and relevant industry associations. It also encourages consumers to ask their electricity on-seller how it is passing on carbon tax repeal savings, and to contact the ACCC if they are not satisfied with the response.
Further guidance for on-sellers and consumers is available on the ACCC's website.