The reduction and moderation in today's final default prices is coming at a cost to retail competition, according to the peak body for electricity retailers, the Australian Energy Council.
The announcement of the final Victorian Default Offer (VDO) price will come as welcome relief for households and small businesses but should also act as an important prompt for households and businesses to shop around for better electricity deals, according to the peak body for electricity retailers.
The peak body for electricity retailers, the Australian Energy Council said calls for mean testing of electricity bill relief would add significant complexity to the rollout and delay the relief from getting into the hands of households.
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