Home Africa News Energy Retailers Now Limited to 1 Price Increase Per Year, Says AEMC

Energy Retailers Now Limited to 1 Price Increase Per Year, Says AEMC

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Energy Retailers Now Limited to 1 Price Increase Per Year, Says AEMC
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Other rules include a ban on retailers imposing unreasonable high penalties on customers that pay their bills late, as well as new caps on regular fees.

Energy Retailers Now Limited to 1 Price Increase Per Year, Says AEMC

A stock image of a residential electricity bill in Brisbane, Australia on May 15, 2024. AAP Image/Jono Searle

Alfred Bui

|Updated:

The Australian Energy Market Commission (AEMC) has rolled out a swathe of new rules aimed at protecting “vulnerable” customers and restricting how much energy retailers can charge.

One of the big changes will be a limit that allows retailers to raise prices only once every 12 months.

Alfred Bui

Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].

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