Thousands of Aussies on pricy standing offer contracts will see their electricity bills drop after the energy regulator just released its Default Market Offer prices for 2021-22.
Bill savings of more than $65 million across New South Wales, south east Queensland and South Australia are heading to 727,000 residential and small business customers from 1 July 2021.
AER Chair Clare Savage said DMO pricing was introduced two years ago to protect customers left on expensive standing offer plans, otherwise known as default offers.
“The DMO is not designed to be the most competitive deal but rather it is a safety net for customers who don’t or can’t shop around when it comes to their electricity…
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