Electricity retailers use lack of competition to exploit consumers, analysis says

AGL, Origin and EnergyAustralia dominating the market, with consumers suffering most in South Australia

Electricity retailers are price-gouging consumers in Australia, with the big three retailers exploiting a lack of competition and the complexity of electricity bills, according to the results of a new analysis.

The situation was worst in South Australia, where retailers were making an average margin of $425 a year more than they did in the regulated market in the Australian Capital Territory, according to the report produced by the economics consultancy CME and commissioned by GetUp.

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Source: Guardian Environment