Watchdog issues guidance on laws to lower power prices

Australia’s competition watchdog has released draft guidelines for electricity retailers and generators on how to comply with new legislation that aims to stop price gouging.

Three new laws are due to come into force on 10 June, introduced by the Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Act 2019, which restrict electricity retailers from keeping prices for consumers and small businesses “unnecessarily high”.

☛ Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:

Membership ID / Email Address

Password

Don't have an account? Register here

JOIN CIPS

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
Enhance your network and get connected to a global community of 120,000 in 150 countries.
Stay in touch and up to date through member only events and branch meetings.
Annual subscription to Supply Management magazine.
10 per cent discount on all training courses, workshops, seminars and conferences.
Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

Watchdog issues guidance on laws to lower power prices

SIGN UP

JOIN CIPS