Energy Minister Angus Taylor said “low energy prices will help drive our economic recovery by boosting the spending ability of households and businesses”.
Energy Consumers Australia, representing customers, said reforms driven by the federal government and Australian Energy Regulator, were contributing to lower power bills. However, chief executive Lynne Galagher said customers can source better deals, the default offer remains well above median prices and customers should remember they can shop around.
Australian Energy Council chief executive Sarah McNamara, who represents energy retailers, said only 9 to 12 per cent of household customers were billed via the default market offer, largely because “retailers offer much cheaper deals to customers who shop around, rather than settling for the price set by the regulator”.
“Getting a cheaper deal is easy – speak to your retailer or use independent comparisons through the government’s Energy Made Easy website,” Ms McNamara said.
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