Dec 15 (Reuters) - AUSTRALIA'S ACCC
- COMPETITION IN RETAIL ELECTRICITY MARKET NOT DELIVERING FOR ALL CUSTOMERS
- MANY AUSTRALIAN HOUSEHOLDS ON A MORE EXPENSIVE ELECTRICITY PLAN THAN NEEDED, CHANGES NEEDED TO IMPROVE COMPETITION IN ELECTRICITY MARKET
- CONCERNED MARKET NOT DELIVERING FOR CUSTOMERS WHO DO NOT REGULARLY SWITCH OR ENGAGE WITH THEIR EXISTING RETAILER
- REPORT SHOWS ESTIMATED COST FOR RESIDENTIAL CUSTOMERS ON MARKET OFFERS (FLAT RATE) INCREASED BY SIGNIFICANTLY MORE THAN DEFAULT OFFERS
- RECOMMEND POLICY MAKERS IDENTIFY AND ADDRESS BARRIERS PREVENTING MANY PEOPLE FROM CHANGING ELECTRICITY PLANS, ACCESSING CHEAPER MARKET OFFERS
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