The Morrison Government has announced it is expanding the Default Market Offer (DMO) to Australian households and businesses with solar systems in New South Wales, South Australia and South East Queensland from July 1.
The ruling will also extend to customers with flexible or time-of-use tariffs, equating to more than one million extra consumers.
Introduced in July 2019, the DMO only covered residential and small business customers who were on flat tariffs or had controlled loads.
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“For customers who find pricing and discounts confusing, or who simply don’t have the time to negotiate a better deal, the Default Market Offer acts as both a strong price safety net and a reference price to help consumers to more easily compare offers and find the cheapest deal,” Energy Minister Minister Angus Taylor said.
“More than one in four Australian families now have solar on their roofs – this is about protecting them from high prices when the sun doesn’t shine.”
The decision to extend price protection follows the latest Australian Energy Regulator (AER) draft price determination on the Default Market Offer, which confirms electricity prices should continue to fall across South East Queensland and South Australia and to remain well below prices before July 2019 across New South Wales.
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