Consistent with our previous advice, the Default Market Offers for SME and Residential tariffs have been reviewed by the regulators with significant increases announced today.
These Tariffs, or Default Market Offers, are reviewed annually and approved by the Australian Energy Regulator for NSW/ACT, SA and QLD, and the Essential Services Commission for VIC.
Increases range from 17.5% to 27% for Small Business Tariffs, and Residential increases are similar.
In summary, based on Network Area:
We normally don’t see specific tariffs released until early July, which are effective from 1st July, and it is important to have your SME Portfolio reviewed if you are not on contract.