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.
Australia’s competition watchdog the ACCC has called for stronger measures to be taken to keep high gas prices in check, saying there is a need to ensure businesses and households are not paying more for gas than would be expected in a well-functioning market.
The decision by National Broadband Network operator, NBN Co to extend its Education Assistance offer until 15 January 2021, has earned the praise of communications consumers peak body ACCAN, which says the targeted offer from the company waives the wholesale costs for many services on the 25/5 Mbps speed tier - and encourages telcos to offer free or heavily discounted NBN plans to low-income households with school-aged children.
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