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Dysfunctional Power Market sending Prices ‘Through the Roof’

Sara

The report actually calls for "brokerage and Implementing the recommendations could save people around $200 on their power bills.” she said Questioned about report recommendations Mr Gerard Brody, from the Consumer Action Law centre in Victoria said that the state's energy market “had been dysfunctional for too long and that customers had been ripped off for a very long time. "Competition needs to work to benefit customers and well-designed regulation can support effective competition," Mr Brody said. His comments were echoed by Victorian Council of Social Service chief executive Emma King who said the report showed that retailers had been fleecing customers. "For too long, everyday Victorian households have been ripped off by energy companies. They have been fleeced, it's time for that to end." Readers finding these increases difficult may find this article on handy ways to reduce your power bills helpful.

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