The ACCC says your energy bills are too high. Here's how it thinks prices can be slashed

The consumer watchdog believes Australians are paying too much for their electricity.

The ACCC says bills can be slashed by at least 20 per cent.

A lack of competition in the energy market and policy mistakes by successive state and federal governments has added significant costs to power bills, according to the Australian Competition and Consumer Commission (ACCC).

The watchdog says power bills can be reduced by at least 25 per cent — 25 per cent! — if governments adopt a series of recommendations from its report on the energy market.

Read the ABC News story by Amy Bainbridge - “The ACCC says your energy bills are too high. Here's how it thinks prices can be slashed.”