The ACT Energy Consumers Policy Consortium has provided a submission in response to the Independent Competition and Regulatory Commission's Draft Report - Report No 1 of 2017, March 2017: Standing offer prices for the supply of electricity to small customers from 1 July 2017.
The ACT Energy Consumers Policy Consortium is comprised of representatives of ACT Council of Social Service (ACTCOSS), Care Financial Counselling Service, Conservation Council ACT Region, SEE-Change and the Small Business Taskforce of the Canberra Business Chamber.
The Consortium is very concerned that consumers are facing yet another electricity price rise well above inflation, noting that the Draft Decision flags that the retail electricity price for customers on the regulated price will increase by at least 10.9% from 1 July 2017 (and that all indications are that the increase will be even more when the Final Report is released). It also notes that there is no indication of how much this increase may be. The Consortium notes the risks this creates for vulnerable consumers on fixed incomes particularly those who have Centrelink payments as their only source of income.