Retail electricity price measures

The Australian Government yesterday announced a range of measures in relation to retail electricity prices and market monitoring.

These include the AER establishing a default market offer for electricity prices as recommended by the ACCC’s Retail Energy Prices Inquiry. The intention is that all retailer discounts will be set against the default market offer, making it easier for consumers to genuinely compare retail electricity plans.

The ACCC and AER will receive over $30 million in funding to implement the package of measures, which also includes ACCC monitoring and reporting on prices, profits and margins in the supply of electricity in the National Electricity Market

The AER will work to ensure its new responsibilities are efficiently and effectively implemented. In keeping with the agency’s fundamental approach to decision making, the AER will consult widely with stakeholders in government, industry and the community.

Issued date: 
21 August 2018
AER reference: 
AC 101/18
AER General Inquiries