Another energy fight is underway as the ACCC has been asked by Energy Minister Chris Bowen to look into whether electricity retailers have violated misconduct laws by attempting to push through significant increases in daily supply charges that have caught many customers off guard.
In recent weeks, retailers have sent out notices concerning rates that will take effect in July. These notices have included increases of up to 86% in the daily fixed costs for certain consumers.
Because the cost per unit of power used is decreasing, large jumps frequently do not result in an increase in a customer’s overall electricity bill. However, that will depend on how much power is consumed; households with lower utilisation are probably going to pay more.
The full text of this article is available to MacroBusiness subscribers
