Major falls in wholesale electricity costs and new laws requiring retailers to pass on cuts are likely to result in lower electricity bills in 2021, despite residential consumption rising by 10% and household bills increasing by 7% in 2020, according to competition regulator the ACCC.
Origin Energy has paid a penalty of $126,000 after the competition regulator, the ACCC, issued it with an infringement notice for an alleged false or misleading representation in a price increase letter sent to residential electricity customers in Victoria.
Electricity, gas and Internet provider Sumo Power is facing court action by Australia’s competition watchdog the ACCC over allegations it made false or misleading representations to Victorian consumers in relation to its electricity plans.
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