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Review of Power of Choice report

The Australian Energy Market Commission has recently released the final report of the Power of Choice review which aims to provide the community’s demand for energy services using a combination of demand and supply side options at a low cost.

The report provided final recommendations presented to the Federal and State ministers last month that outlined package of reforms designed to increase the responsiveness of electricity demand market, technological developments and changing consumer interests in the coming years.

The reforms suggested for the National Electricity Market for residential households included an improved access to electricity consumption data, phasing in efficient and flexible pricing options for consumers, availability for consumers to switch electricity retailers, make investments to enable technologies like the smart meter, and a modification to the National Energy Customer Framework.

For more information on the report, refer to the AEMC website.

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