, driving the Morrison government to bring forward another crackdown on the industry this week.
“We observe that the majority of these standing offers have reduced after 1 July, 2019, meaning that many standing-offer customers will have had a price reduction,” the regulator says. Treasurer Josh Frydenberg and Energy Minister Angus Taylor will release the ACCC’s findings on Monday with an emphasis on energy costs, despite calls from environmental groups for deeper cuts to emissions than the government’s target of 26 per cent by 2030.
This compares with a fall of $130 for NSW customers in the Ausgrid distribution zone, in a difference the ACCC put down to Victorian state legislation that set different guidelines to the federal law applying in NSW, Queensland, South Australia and the Australian Capital Territory. The ACCC welcomed decisions by states such as Queensland to treat environmental schemes like feed-in-tariffs for solar power as a budget outlay rather than a cross-subsidy from consumers.
The ACCC report comes as Labor revisits its climate change target to reduce emissions by 45 per cent by 2030, with Opposition Leader Anthony Albanese making no commitment to keep that ambition.
What. Absolute. Rubbish. Energy costs are falling as more wholesale energy is derived from renewable sources. Government regulation, stick waving & gesticulating has nothing to do with it. The market is driving the cost, not the government. simonahac research AEMO_Media
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