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Cheaper energy prices for small businesses could be just a phone call away, the Australian Competition and Consumer Commission (ACCC) says, as the cost of some electricity deals soars above the ‘safety net’ offered to energy consumers.
On Thursday, the competition watchdog issued a fresh warning over some energy plans offered by retailers to small businesses and homeowners, which have spiked in cost over recent months.
In Victoria, the cost of one plan identified by the ACCC has risen 21% above the Victorian Default Offer — the ‘safety net’ price offered to Victorian consumers, which also assures retailers a fair margin on the energy they provide.
ABOUT THE AUTHOR
Senior Business Journalist
David Adams is a senior business journalist at SmartCompany. He is interested in the challenges and opportunities facing Australian businesses, along with the influences of technology, culture, and a changing climate. Before SmartCompany, David served as a reporter for Business Insider Australia. You can find him on Twitter at @DavidAdams_AU.
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