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Media release
27 Nov 2024

Some relief for motorists as petrol and diesel prices declined in the September quarter

Average retail petrol prices were significantly lower in the September quarter 2024, according to the ACCC’s latest quarterly petrol monitoring report. In the September quarter 2024, average retail petrol prices across the five largest cities were 182.8 cents per litre (cpl), a decrease of 13.7 cpl from the June quarter 2024.
Energy
Media release
27 Sep 2024

Gas supply for Q1 2025 tightens, as risk of shortfall in short-term remains

The gas supply surplus in the Australian east coast gas market is forecast to be between 12 and 27 petajoules (PJ) in the first quarter of 2025, according to the ACCC’s latest gas inquiry report.
Energy
Media release
26 Sep 2024

EnergyAustralia to pay $14m for making misleading statements and breaching the Electricity Retail Code

The Federal Court has ordered EnergyAustralia to pay $14 million in penalties for making false, misleading or deceptive statements to hundreds of thousands of consumers about electricity prices, and failing to provide mandatory information required by the Electricity Retail Code.
Advertising and promotions
Buying and selling products and services
Compliance and enforcement
Industry codes
Energy
Media release
05 Jul 2024

East coast gas supply sufficient for 2025 but concerns remain for longer-term

Australia’s east coast gas market is forecast to have a surplus of between 69 and 110 petajoules in 2025 if Queensland’s LNG producers export all of their uncontracted gas, the ACCC’s latest gas inquiry report shows.
Industry codes
Energy
Regulated infrastructure
Media release
28 Jun 2024

A milder winter and government rebates subdue the impact of increasing prices on electricity bills

The ACCC’s latest electricity report shows that median effective prices for residential customers across all regions grew by 14 per cent between September 2022 and September 2023.
Energy
Regulated infrastructure
Media release
27 Jun 2024

Dodo Power & Gas pays $82,500 in penalties for breaches of electricity code

Electricity retailer M2 Energy Pty Ltd, trading as Dodo Power & Gas (Dodo) paid $82,500 in penalties after the ACCC issued six infringement notices to Dodo for alleged contraventions of the Electricity Retail Code of Conduct (the Code).
Compliance and enforcement
Industry codes
Pricing
Energy
Media release
27 May 2024

LG undertakes to take more steps to locate and fix dangerous solar batteries

LG Energy Solution has provided an enforceable undertaking that it will increase its efforts to alert and protect consumers from faulty LG solar storage batteries which can overheat and catch fire without warning.
Stay protected
Energy
Media release
05 Apr 2024

East coast gas surplus expected in third quarter 2024

Australia’s east coast gas market is expected to have a six petajoule (PJ) surplus in the third quarter of 2024, even if the three LNG producers export all their uncontracted gas, the ACCC’s March 2024 interim gas inquiry report shows.
Energy
Media release
07 Mar 2024

Cost of living and digital economy shape 2024-25 compliance and enforcement priorities

Consumer and competition issues in the supermarket sector and essential services including electricity and financial services are among the ACCC’s compliance and enforcement priorities for the year ahead, ACCC Chair Gina Cass-Gottlieb announced today.
Buying and selling products and services
Compliance and enforcement
Energy
Food and groceries
Media release
15 Dec 2023

Competition in retail electricity market not delivering for all customers

Many Australian households are on a more expensive electricity plan than they need to be, and changes are needed to improve competition in the electricity market and deliver better outcomes for consumers.
Energy
Media release
15 Dec 2023

Gas supply sufficient for 2024 but smaller surplus forecast

The ACCC’s latest gas inquiry report forecasts balanced supply and demand in 2024 if Queensland’s LNG producers export all their currently uncontracted gas, or a 71 petajoule (PJ) surplus if they only export their currently anticipated spot sales.
Energy
Media release
30 Nov 2023

ACCC grants authorisation for electricity industry coordination

The ACCC has granted authorisation for the Australian Energy Market Operator (AEMO) and electricity industry participants in the National Electricity Market to coordinate the scheduling of repairs, maintenance, renewals upgrades and new connections and associated information sharing.
Competition and exemptions
Energy
Media release
20 Nov 2023

Consumers urged to immediately check for recalled LG solar batteries after Government safety warning notice

Following a recommendation by the ACCC, the Assistant Treasurer, the Hon.
Stay protected
Energy
Media release
12 Oct 2023

ACCC not satisfied authorisation of coordination between electricity industry participants is necessary

The ACCC is proposing in a draft determination to deny authorisation for the Australian Energy Market Operator (AEMO) and electricity industry participants in the National Electricity Market to coordinate the scheduling of repairs, maintenance, renewals upgrades and new connections and associated information sharing.
Competition and exemptions
Energy
Media release
10 Oct 2023

Consumers warned to switch off potentially dangerous LG solar batteries immediately

All households with a solar storage system need to urgently check if the system has a recalled LG battery installed and should switch off affected batteries immediately, the ACCC has warned.
Stay protected
Energy
Media release
22 Sep 2023

EnergyAustralia in court over alleged misleading electricity price information

The ACCC has today instituted proceedings in the Federal Court against EnergyAustralia for allegedly breaching the Electricity Retail Code and the Australian Consumer Law when notifying its customers of impending price changes.
Compliance and enforcement
Energy
Media release
20 Sep 2023

Gas supply outlook for first quarter 2024 shows likely surplus

Australia’s east coast gas market should have a 1.4 petajoule (PJ) surplus in the first quarter of 2024, even if the LNG producers export all their uncontracted gas, the ACCC’s September 2023 interim gas inquiry report shows.
Energy
Media release
15 Aug 2023

Compliance guidelines for gas industry as new Gas Market Code takes effect

The ACCC has today published compliance and enforcement guidelines on the new Gas Market Code.
Compliance and enforcement
Industry codes
Energy
Media release
10 Aug 2023

Australians urged to compare electricity plans as market offers exceed safety net

The ACCC is urging households and small businesses to contact their energy company and ask if a cheaper electricity plan is available, in light of some recent price increases in the range of 10 to 20 per cent above the regulated safety net.
Advertising and promotions
Energy
Media release
13 Jul 2023

Interim authorisation for electricity industry to coordinate maintenance

The ACCC has granted interim authorisation for the Australian Energy Market Operator (AEMO) and electricity industry participants in the National Electricity Market to collaborate to ensure reliability of electricity supply during Australia’s transition towards renewable electricity.
Competition and exemptions
Energy
Media release
30 Jun 2023

Gas supply outlook for 2024 improves but risk of winter shortfalls remains

Australia’s east coast gas market is expected to have enough supply to meet overall demand in 2024, the ACCC’s June 2023 interim gas inquiry report reveals.
Regulated infrastructure
Energy
Media release
30 Jun 2023

Households face higher electricity bills as wholesale price spikes flow through

Residential electricity bills were higher across most National Electricity Market states in the September quarter last year compared to the equivalent quarter in 2021, the ACCC’s latest Electricity Market Inquiry Report reveals.
Energy
Pricing
Media release
30 Jun 2023

ACCC intervenes to ensure 543 businesses avoid higher electricity bills

Energy retailer Blue NRG has agreed to compensate several small business clients after it admitted it made false or misleading representations when telling more than 500 customers on fixed-rate contracts that it had a legal right to raise electricity prices, when it did not.
Advertising and promotions
Buying and selling products and services
Energy
Compliance and enforcement
Media release
27 Jun 2023

CovaU and ReAmped pay penalties for alleged breaches of electricity code

Electricity retailers CovaU Pty Ltd and ReAmped Energy Pty Ltd have each paid $33,300 in penalties after the ACCC issued each retailer with three infringement notices for alleged contraventions of the Electricity Retail Code.
Compliance and enforcement
Industry codes
Energy
Media release
26 May 2023

ACCC grants authorisation to Odin joint venture for marketing gas

The ACCC has granted authorisation for Vintage Energy Ltd, Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd, a wholly owned subsidiary of New Hope Corporation Limited, to enter into joint gas marketing arrangements.
Competition and exemptions
Energy
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