Energy crisis: ACCC to investigate power companies’ profits
The Australian Competition and Consumer Commission (ACCC) has confirmed it is monitoring for price gauging and anti-competitive conduct.
The Australian Competition and Consumer Commission (ACCC) has confirmed it is monitoring for price gauging and anti-competitive conduct.
The Australian Energy Regulator has confirmed its standard electricity price for SMEs and households is set to increase from 1 July.
The competition watchdog has put business on notice, warning it will take enforcement action if cost savings linked to the government’s carbon tax repeal are not passed on.
Electricity prices are only going to continue to climb this year, which is why Rhys Clay says it’s time businesses act against power expenses now.
“Some businesses may be able to significantly reduce their electricity bill by directly negotiating an open-contract for electricity supply.”
Make it Cheaper’s Tim Wolfenden spent some time in country NSW recently, which allowed him to get a “bit of a reality check” about upcoming electricity price rises.
“Households and small businesses across NSW will see their electricity bills soar by an average of 17.3 percent. This will add an extra $1000 onto an average small business bill of $6000. Where’s that going to come from?”
The Australian Energy Regulator has approved a 9.2 percent price increase for Queensland’s electricity providers, Energex and Ergon Energy beginning July 1st.
Soaring electricity prices are forcing families into ‘fuel poverty’ increasing the fear of disconnection over their unpaid electricity bills in NSW.
Prices for electricity in Western Australia are set to soar in the coming months, with Western Australian Premier Colin Barnett announcing significant increases in the State’s electricity retail tariffs. Householders can expect a 7.5 percent increase in electricity prices from April 1st 2010, followed by a further 10 percent increase on July 1 this year, […]
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