The ACCC has instituted proceedings in the Federal Court against Amaysim Energy Pty Ltd (trading as Click Energy) alleging it made false or misleading marketing claims about discounts and savings that Victorian and Queensland customers could obtain, in breach of the Australian Consumer Law.
From around October 2017 to March 2018, Click Energy represented to consumers in Victoria and Queensland that under its market energy offers, they could get discounts of between 7 and 29 per cent off Click Energy’s energy charges if they paid their bills on time.
On 26 November 2017, the Australian Government announced the introduction of a consumer data right in Australia. The consumer data right will improve consumers’ ability to compare and switch between products and services. It will also encourage competition between service providers, leading not only to better prices for customers but also more innovative products and services.
ACCC Chairman Rod Sims delivered an address to the Energy Users Association of Australia’s (EUAA) 2018 National Conference today, highlighting the current state of Australia’s electricity and gas markets.
“In Australia, the matters surrounding energy are some of our defining economic challenges for the 21st century,” Mr Sims said.
The ACCC’s Gas Inquiry 2017–20 Interim Report – April 2018 released today confirms that while conditions in the east coast gas market have improved since September 2017, the market is still not functioning effectively.
Prices offered to large commercial and industrial (C&I) gas users towards the end of 2017 were well below the peak of over $20/GJ in early 2017. After falling to a range of $8 to 12/GJ between June and November 2017, price offers made between November and January 2018 narrowed to $8 to 10/GJ for gas commodity.
The Australian Competition and Consumer Commission (ACCC) has released a draft determination proposing to authorise joint gas marketing arrangements between Central Petroleum (ASX: CTP) and Macquarie Mereenie.
Central and Macquarie are joint venture partners at the Mereenie oil and gas field, which is located in the Amadeus Basin in the Northern Territory, approximately 250 km west of Alice Springs.