ACCC Report: Prices, Profits, and Margins in the Supply of Electricity in the NEM

ACCC Report: Prices, Profits, and Margins in the Supply of Electricity in the NEM

AU Energy Compliance
The Australian Competition and Consumer Commission (ACCC) has published its sixth report as part of its inquiry into the prices, profits and margins in the supply of electricity in the National Electricity Market (NEM).  The report has made a number of findings including that electricity costs are now the lowest they have been in eight years with the average annual residential spend now $1,434.00, down $128.00 or 8% over the previous two financial years.  Lower wholesale spot market prices have started to flow through to consumers and this, according to the ACCC, is the primary cause of decreases in overall costs across the last two financial years. The ACCC expects a further reduction in the wholesale costs in the next year. The ACCC considers that the introduction of the default…
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