Victoria Government eager to see further power price cuts

The Victorian government
wants to see price cuts.

Victoria's households could see power prices fall further than expected with the Victorian government throwing its weight behind a push by the industry regulator to force through price cuts, while it has also called publicly for changes to the way power prices are fixed.

Electricity and gas distributors such as Powercor, Citipower, United Energy and Jemena have launched legal action aimed at restricting the extent of price cuts that could flow through to households over the next few years.

Read the story in today’s Melbourne Age - “Call to overhaul power price fixing.”