The Australian Energy Market Commission (AEMC) is calling for submissions on how to change regulatory frameworks to help deliver long-term electricity reliability at least cost to consumers.

Wholesale electricity prices in Victoria and South Australia have risen since the closure of the Hazelwood power station, according to the Australian Energy Regulator (AER), with other states in the National Electricity Market (NEM) also affected.

The National Electricity Law (NEL) requires the AER to monitor the wholesale market and report on its performance at least every two years. We are required to identify and analyse whether: there is ‘effective competition’ within the relevant wholesale market, as defined in the NEL there are features of the market that may be detrimental...

This research found that behaviourally-informed fact sheets can improve consumers’ engagement with energy plans and increase their confidence in choosing the right energy plan or retailer.

State governments have spent up to $20 billion more than was needed on the electricity grid, and households and businesses are paying for it through their power bills.