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: December 2020
Electricity bills were, on average, 3% lower, driven by bigger falls in South Australia (9%), ACT (6%), Queensland (6%), and New South Wales (5%); with Tasmania also down 1% and no change in the Northern Territory.
On average, bills were slightly higher for most small businesses using gas compared with a year earlier, with the greatest increases in Victoria (5%) and South Australia (3%). However, small businesses in New South Wales benefited from a reduction in the average bill of 8%.
The jurisdictions with the largest price reductions have also seen significant new entry over the last 18 months since the Default Market Offer and Victorian Default Offer were introduced. In South East Queensland there were 16 retailers in April 2019 compared to 25 retailers in October 2020. In NSW the number of retailers has increased from 21 to 30 (depending on network area) and South Australia has 4 new retailers. In the ACT, two retailers began offering market offers, while in Victoria the number or retailers has remained the same.