Retail Tariff Tracker
Building the evidence base of the energy costs facing small and medium enterprises.Latest results
Increases in energy costs can adversely impact all businesses, large or small, undermining their long-term profitability and contribution to the Australian economy. Energy Consumers Australia commends the attention that has been brought to bear in the Australian Competition and Consumer Commission’s Retail Electricity Pricing Inquiry on the unacceptable pressures facing Australian businesses and consumers as a result of the price increases over the past ten years.
Through ongoing work on the SME retail tariff tracking project Energy Consumers Australia continues to build the evidence base of the costs facing small business, particularly those that are energy intensive and are unable to pass on those costs. As in other markets, for competition to be effective the transparency of information is an important tool so that consumers can participate with confidence.
The Small and Medium Enterprise (SME) Retail Tariff Tracker is an ongoing project for Energy Consumers Australia. It collects data every April and October, with reports on trends published in June and December.
Key findings and all published reports can be accessed below.
Key Findings: June 2020
Electricity bills were, on average, slightly lower in June 2020 for most small businesses across Australia compared with a year earlier. This was driven by price reductions of between 2 and 6% in South Australia, New South Wales and Queensland. On the other hand, prices increased by between (2 and 4%) in Western Australia, Tasmania, the Australian Capital Territory and Victoria.
Bills were slightly higher for most small businesses using gas compared with a year earlier, with the greatest increases in South Australia (5%) and Tasmania (2%). Gas bills in Queensland and New South Wales increased slightly, while there were price decreases (between 1% and 2%) in the Australian Capital Territory, Western Australia and Victoria.
The introduction of Default Market Offers in some jurisdictions, and the Victorian Default Offer, have seen significant falls in the bills of small business on standing offers. While the average Victorian Default Offer increased by 8% on 1 January 2020, on average the current VDO is 21% lower than the standing offers prior to the initial VDO taking effect in Victoria.