State Government Will Act On Power Costs

15:35' 18-08-2017
An independent panel investigating Victoria’s gas and electricity retail markets has recommended a range of measures to drive down power prices, protect consumers and put people first.

    Kết quả hình ảnh cho gas and electricity

    Photo: mightydeals.co.uk

    The bi-partisan review is the product of detailed research into energy retail prices, and extensive consultation with consumers and industry. It looks at whether the electricity and gas retail markets are operating in the best interests of Victorians, and provides 11 recommendations, aimed at getting a better deal for Victorians.

    The recommendations include:

    • Retailers to provide a basic service offer no greater than the regulated price
    • Price information to be easily comparable
    • Contract periods, practices and variations to be clear and fair
    • Promote access to smart meter data
    • Protect low income and vulnerable customers
    • Energy market code based around the customer
    • Full coverage of new energy services to the Energy Water Ombudsman Victoria
    • Request the COAG Energy Council to review the structure of the energy market

    In another initiative, already announced, Victorian businesses will benefit from additional funding of $2.5 million to help them reduce energy costs, under the Boosting Business Productivity program.

    Funding to help businesses is also available through Energy Assessment grants of up to $18,000 per business, and a series of Gas Efficiency Masterclasses will be held throughout Victoria, with one-on-one mentoring and business coaching run by the Australian Industry Group.

    The Labor Government will formally respond to the review by the end of the year.

    To apply and find out more about the program visit sustainability.vic.gov.au. 

    Bun C

     

     

     

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Keywords: power pricesstate governmentvictoria

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