Australian Energy Regulator in Podcasts
governmentAustralian government agency that regulates energy markets and enforces rules for electricity providers.
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The Australian Energy Regulator, in this decision on the default market offer, has now put some more flesh on the bones of that scheme.
But in short, the Australian Energy Regulator sets what are known as default market offers, which are basically ceiling prices retailers can charge punters who can't or don't shop around for deals.
We saw yesterday the Australian energy regulator cut the default market offer in several states.
Now, the Australian Energy Regulator lowered the default market offer price by up to 11% across New South Wales, Queensland and South Australia.
There are other bodies which sort of do other things, like the Australian Energy Regulator, which is the cop on the beat, so to speak, and the Australian Energy Market Operator, which runs the market itself.
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