Media Contact
Carl Kitchen 0401 691 342
Dec 19 2018

Energy Ministers Recognise Benefits of Comparison Rate

The decision by Energy Ministers to implement a reference price to make it easier to choose an energy deal is a welcome step forward, energy retailers said today.

The Australian Energy Council’s Chief Executive Sarah McNamara said, “it has been acknowledged time and time again by independent experts that improved comparator tools will help all customers to identify cheaper energy deals in a competitive energy market. 

“A comparator rate, or reference price, will enable Australian homes and businesses to locate cheaper deals.  A Default Market Offer, which essentially re-regulates the market, would have the opposite effect, and we are pleased to see that COAG has received advice to that effect.

“Electricity retailers look forward to working with government to implement the comparator rate solution as soon as possible.”

Ms McNamara said that the AEC also looked forward to continuing to work with the Energy Security Board on the reliability obligation.

“While we acknowledge the progress made on the reliability obligation, it is disappointing that COAG has again missed the opportunity to deal with the ongoing emissions policy vacuum.”

About the Australian Energy Council

The Council represents 23 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.

Related News


Collaboration Key to Transition

The peak body for electricity generators and retailers, the Australian Energy Council (AEC), has welcomed the introduction of the Net Zero Economy Authority Bill into the House of Representatives, to help support the fair transition to a net zero emissions economy.

Mar 27 2024

AEMO Plan Identifies Dispatchable Plant Deficit

The latest assessment of our energy system points to the urgency of getting sufficient firming capacity in place to back up the transformational injection of renewables into our grid, according to the peak body for energy retailers and generators, the Australian Energy Council.

Dec 15 2023

Australian Energy Council Congratulates Reece Whitby and Acknowledges Bill Johnston

The peak body for energy retailers and generators, the Australian Energy Council, congratulates the Hon Reece Whitby MLA on his appointment as Energy Minister and acknowledges the work of the Hon Bill Johnston MLA during his stewardship of the portfolio.

Dec 08 2023
Do you have a question or comment for AEC?

Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.

Call Us
+61 (3) 9205 3100