The reality of living in an energy market in transition hit home in 2016/17.
An unprecedented state-wide blackout in South Australia in September 2016, and concerns about the generation reserves across the National Electricity Market (NEM) provoked an intense debate about how we safeguard the security and reliability of the system as the generation mix changes. And the higher wholesale electricity and gas prices that were first felt by energy intensive small businesses, started feeding through into significant – in some cases more than 20 per cent – increases in retail bills across the NEM.
Energy Consumers Australia worked hard during the year to ensure the interests of Australian households and small businesses are paramount as governments, market bodies and industry respond to these complex affordability and security challenges.
The full Energy Consumers Australia Annual Report 2016-17 can be read here.