PROJECTS

Review of Electricity Retail Competition in Victoria, Australia

The problem

In the State of Victoria, Australia, average residential electricity bills had increased by around 30 per cent between 2007 and 2015. Prices charged to different consumers varied in ways that did not always seem to make sense. Three large firms dominated the retail supply market, raising questions about whether the market was sufficiently competitive.

How we helped

We recommended ways to increase retail competition and promote transparency in pricing. To assess the level of competition we analyzed retailers’ pricing strategies and trends in consumer behavior. We proposed two interventions: tendering out a “lowest cost supply contract” and requiring retailers to prominently report a nominal “comparison price” on every price offer calculated for customer profiles.

Impact

The Government of Victoria implemented our recommendations.

The client

Department of Economic Development, Jobs Transport and Resources of Victoria, Australia

Our team

Alex Sundakov

Executive Director

Peter Hoogland

Director

Find out more

Australian Competition and Consumer Commission: Retail Electricity Pricing Inquiry

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How can we help you?

How can we help you?

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United States of America

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Australia

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New Zealand

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New Zealand

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WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

PROJECTS NEWS BLOG CONTACT

© Copyright 2019 Castalia. All rights reserved.

Terms | Privacy | Credits | Sitemap