Victorians Get Fair Deal On Energy

18:06' 10-04-2019
Legislation waspassed last month in the Victorian Parliament’s Upper House, abolishing costly standing offers and requiring energy retailers to offer a fairer price on energy.
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    Photo: Herald Sun
    The Victorian Default Offer means families and small businesses will be able to demand a fair deal on energy and save hundreds of dollars on their power bills.
    The legislation empowers the Essential Services Commission (ESC) to determine a fair price, and work with retailers to enforce it.
    The ESC recently released draft advice to the Government, recommending a price that would save a typical residential customer between $390 and $520 per year, and a typical small business customer between $1,800 and $2,300 per year.
    At present, more than 145,000 Victorian families and around 45,000 small businesses are on the costly standing offers. They will automatically be placed on the Victorian Default Offer from 1 July this year.
    An expert panel, which will work with the ESC,has been established to advise the Government on determining a fair price for electricity.
    The Victorian Default Offer builds on other State Government work, such as putting solar panels on 770,000 homes and helping more than 300,000 people compare their energy offer through the $50 Power Saving Bonus.

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Keywords: energy dealvictorians

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