Date Time
Competitive Market Deals Remain Cheapest
While the announcement of lower regulated electricity prices is welcome news, customers have been urged to continue to shop around for even cheaper competitive deals from their energy retailer.
The Australian Energy Regulator announced today that the price for 727,000 electricity customers on a standing offer will fall by up to $116 for households and $441 for small businesses from 1 July 2021.
Australian Energy Council Chief Executive, Sarah McNamara, said the Default Market Offer (DMO) should be recognised as a safety net, as it does not represent the cheapest deal for consumers and there are cheaper energy offers out there.
Power prices fall as mild summer, renewables reduce generation costs
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Power prices will fall for hundreds of thousands of people from July 1 as energy generation costs continue to fall.
The default market offer for NSW households will fall by $102 a year, $116 in South Australia and $53 in south-east Queensland.
Retail power prices are set to fall following a determination by the Australian Energy Regulator to reduce the default market offer for NSW households by $!02 a year.
Credit:Paul Rovere
The Default Market Offer is a cap on prices retailers can charge customers. While many retailers also have cheaper deals, there are 727,000 electricity customers on a standing offer in NSW, Queensland and South Australia who will benefit from the rate reduction. Victoria is not covered by the determination and sets its own default market offer.
AGL demerger in doubt as investors query CEO exit
Apr 27, 2021 â 12.01am
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The shock departure of Brett Redman as CEO of AGL Energy has fuelled speculation that the demerger plan he developed may have hit the rocks, with his exit giving space for top management to backtrack and adjust the strategy for the embattled electricity and gas supplier.
Investors and analysts are still struggling to understand the circumstances around last weekâs sudden exit of Mr Redman â the architect of the demerger plan â which has plunged the countryâs biggest electricity and gas retailer into crisis.
Some sources say that Mr Redman has effectively been pushed out of his job, despite the line spun by both him and the company last week. The board is said to have asked for a five-year commitment from Mr Redman to helm one of the demerged companies, knowing that he was unwilling to tie himself up for such a period of time as CEO of a smaller firm.
Government delivering better, simpler energy bills miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Date Time
Further cuts to electricity prices for South Australians
Proving that the Marshall Liberal Government’s energy policies are driving down the cost of electricity for South Australians, the Australia Energy Regulator (AER) has today announced a $117 cut to the draft Default Market Offer (DMO) for residential customers.
If the draft DMO is adopted, more than 60,000 South Australian households on legacy – or standing offers – will see their bills fall by 6.4% from July 1, taking their total savings to $397 since the last State Election.
This is a fall of nearly 19 per cent in electricity prices since the 2018 election – and is in stark contrast to the skyrocketing electricity costs that were seen under Labor.