Mar282022 by Lina StarlingNo Comments
The 2022-23 Victorian Default Offer review

The 2022-23 Victorian Default Offer review

AU Energy Compliance
Recently we wrote an article about the draft AER 2022-23 Default Market Offer.  A parallel process is taking place in Victoria, and on 15 March 2022 the Essential Services Commission (ESC) released their draft decision about the Victorian Default Offer (VDO). Submissions are open until 12 April 2022 with the release of the final decision in May, and decision to take effect from 1 July 2022.  The ESC will hold a public (online) forum for those interested on 31 March 2022. About the VDO The ESC is responsible for setting the VDO prices, which is a set independent electricity price. While the VDO’s objective is to provide a reasonably priced option, it may not always be the cheapest option.  It is useful as a reference point for consumers but they…
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May172021 by Connor JamesNo Comments
Essential Services Commission consultation paper on variation to the 2021 default offer

Essential Services Commission consultation paper on variation to the 2021 default offer

Uncategorized
#Victorian #Embedded #Retailers On 14 May 2021, the Essential Services Commission of Victoria announced that it had kicked off its next review into the Victorian Default Offer (VDO) and that it was seeking feedback from consumers and the energy industry before issuing a decision later in the year. The Essential Services Commission has released its consultation paper on variation to the 2021 default offer. The Essential Services Commission notes that the variation is required to account for changes to network tariffs applying from 1 July 2021. The consultation paper itself notes that the VDO was introduced by the Victorian government to regulate standing offer prices for electricity in Victoria commencing on 1 July 2019. Standing offers are contracts that electricity retailers are obliged to make available to domestic and small…
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