Energy

ACCC takes action against Click Energy for misleading savings claims

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.

Consumer data right (CDR)

On 26 November 2017, the Australian Government announced the introduction of a consumer data right (CDR) in Australia. The CDR will give consumers greater access to and control over their data. It will improve consumers’ ability to compare and switch between products and services, and will encourage competition between service providers, leading not only to better prices for customers but also more innovative products and services.

C&I users need affordable energy

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.

More transparency on gas pricing

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.

Gas inquiry April 2018 interim report

This is the third interim report of the Australian Competition and Consumer Commission’s (ACCC) inquiry (‘the Inquiry’) into gas supply arrangements in Australia. The ACCC has continued its focus on the operation of the East Coast Gas Market, where there are immediate and longer-term concerns.

April 2018 interim report

On 27 April 2018, the ACCC released its third interim report as part of its inquiry into Australia’s gas supply arrangements. The report continues the ACCC's focus on the operation of the East Coast Gas Market, where there are immediate and longer-term concerns.

Draft decision for joint marketing of NT gas

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.

East coast gas market supply imbalance needs to be addressed

Australia’s east coast gas market remains incredibly tight and users are paying for this with high prices and limited sources of competing supply.

The east coast gas market is at a crossroads and the only real choice is to address the fundamental supply problem, particularly in the south.

The supply situation is most stark in the case of the southern part of the east coast, with the ACCC’s gas inquiry finding that there is not enough production forecast in the southern states to meet southern demand in 2018.

2018 compliance & enforcement priorities

In his annual CEDA address, Chairman Rod Sims launched the ACCC's 2018 Compliance and Enforcement policy. This year, the ACCC will focus on consumer issues in broadband services and energy, competition in the financial services and commercial construction sectors, systemic consumer guarantee issues, and conduct that may contravene the new misuse of market power and concerted practices provisions.