The Australian Government has indicated to the AER that it will adopt the Australian Competition and Consumer Commission’s (ACCC) recommendations 30, 49, 32 and 50 in its retail electricity price inquiry (REPI). Specifically, the Government has asked the AER to develop by 30 April 2019:
- a maximum price for the default market offer to apply from 1 July 2019 for customers not subject to state-based price regulation.
- a mechanism for determining a reference bill amount for each network distribution region, from which headline discounts can be calculated.
Letter from the Treasurer and Minister for Energy to Ms Paula Conboy, Chair Australian Energy Regulator. ( PDF 145.29 KB )
The AER will publish a paper in November to commence the process of consultation with stakeholders in relation to the default market offer price.