Big energy retailers didn’t so much blink, as wink in face of Turnbull’s “eyeballing” episode. Here’s why they will be high fiving each other in the Qantas lounge at Canberra airport.
Fight looms between retailers and networks over right to install solar and battery storage in homes, businesses. Spark Infrastructure says proposed rules “ludicrous”.
Electricity retailers make their biggest margins in South Australia, the state at the centre of controversy over energy prices. And retail margins in many states have jumped 50 per cent.
Hydro Tasmania-owned electricity retailer pays $54,000 in ACCC fines for misleading consumers about the source – and colour – of its electricity.
Another hurdle for GO Energy, as trade suspended for second time in a month – and just days after an investor update.
Retailers have decided it’s their turn to extract more blood from the stone, pushing up business consumption charges by 20-40%.
