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 2021
Electricity bills were, on average, 4% lower, driven by bigger falls in Victoria, ACT (6%), followed by South Australia (9%), Queensland (6%), NSW (4%), the Australian Capital Territory (3%) and Tasmania (1%). However, average bills for small businesses rose by 4% in Western Australia, and remained unchanged in the Northern Territory.
On average, bills were slightly lower for most small businesses using gas compared with a year earlier decreasing by 2%. The greatest decreases were in NSW (8%) and the ACT (6%), with marginal reductions in Victoria, Queensland and Western Australia.
On average, the current Victorian Default Offer (VDO) is 33% lower than the standing offers prior to the initial VDO taking effect. In NSW and South East Queensland, the Default Market Offer (DMO) is 10% lower than the standing offers prior to the initial DMO and in South Australia it is down by 16%. In terms of broader market impacts the number of retailers has increased significantly in NSW, South East Queensland and South Australia while it has remained the same in Victoria.