Energy Ministers Recognise Benefits of Comparison Rate


The Australian Energy Council’s Chief Executive Sarah McNamara said, “it has been acknowledged time and time again by independent experts that improved comparator tools will help all customers to identify cheaper energy deals in a competitive energy market.

“A comparator rate, or reference price, will enable Australian homes and businesses to locate cheaper deals.  A Default Market Offer, which essentially re-regulates the market, would have the opposite effect, and we are pleased to see that COAG has received advice to that effect.

“Electricity retailers look forward to working with government to implement the comparator rate solution as soon as possible.” Ms McNamara said that the AEC also looked forward to continuing to work with the Energy Security Board on the reliability obligation.

“While we acknowledge the progress made on the reliability obligation, it is disappointing that COAG has again missed the opportunity to deal with the ongoing emissions policy vacuum.”