Australian Energy Regulator says a default price will give ‘fallback protection’
The Australian Energy Regulator says the default price on power bills will reduce confusion for consumers looking for the best energy deal.
The price cap will come into effect from July and apply to NSW, southeast Queensland and South Australia.
The Australian Competition and Consumer Commission found offers made by energy companies creates confusion over discounts.
Australian Energy Regulator Chair Paula Conboy tells Ross Greenwood the plan will make it easier for people to find the best offer for them.
“It’s going to act as a fallback protection for consumers.
“The default market offer… will deal and put an end to the current confusing and discounting practices.”
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