The Federal Court of Australia has ordered by consent that Origin Energy Limited and two of its subsidiaries (Origin) pay penalties totalling $325,000 for contravening the Australian Consumer Law (ACL) by making false or misleading representations concerning the level of discount that residential consumers in South Australia would receive under a DailySaver energy plan, in proceedings brought by the Australian Competition and Consumer Commission.
With energy markets in Australia delivering significant challenges for all involved, Chairman Rod Sims provides an update on the ACCC's work on the carbon tax repeal and discusses merger process issues. He also provides some thoughts on the coming privatisation of the Queensland generation assets, and comments on the rapidly changing east coast gas market.
More efficient use of, and investment in, infrastructure is essential to improve national productivity, Australian Competition and Consumer Commission Chairman Rod Sims said today at the ACCC / AER Regulatory Conference in Brisbane.
“It is clear that recently in Australia some poor infrastructure investment decisions, by commission and omission, have harmed national productivity.”
Mr Sims said the annual conference is set to examine regulatory challenges and tackle questions about efficient infrastructure outcomes.
Chairman Rod Sims delivers the opening address to the ACCC / AER Regulatory Conference in Brisbane. Mr Sims introduces the conference theme and outlines the challenges of regulating for efficient infrastructure outcomes. The Chairman also proposes five areas of microeconomic reform covering privatisation, roads, congestion pricing, shipping and water.
Chairman, Rod Sims, announces the ACCC's priorities for 2014. Issues discussed include drip pricing, disruption of scams, "discounts off what?" in the energy and telco sectors, emerging consumer issues in the online marketplace, and credence claims.
Red Energy Pty Ltd has paid four infringement notices totalling $26,400 and provided a court enforceable undertaking to the Australian Competition and Consumer Commission for alleged misrepresentations made by a Red Energy telemarketer.
Red Energy supplies retail energy to consumers in Victoria, South Australia and New South Wales. Red Energy employees conduct telemarketing to generate sales in these states.