INDEPENDENT NEWS

FinCap welcomes Electricity Price Review Options paper

Published: Wed 20 Feb 2019 09:41 AM
Wednesday 20 February 2019
FinCap welcomes consumer focus of Electricity Price Review Options paper
FinCap welcomes the priority given in the Electricity Price Review Options Paper to price affordability, a loud consumer voice and a focus on hardship, and urges that support is given to those issues in the final report.
Tim Barnett, FinCap Chief Executive, said today:
"Each year thousands of people, with a total of around $30 million of power debt, use local free budget services to try and sort their debts and create a liveable and realistic budget. This needs to change, and the Pricing Review is a vital initiative to see this happen. The power sector and its regulators need to have a consumer voice at their heart. Listening to that voice will mean that priority is given to fair and affordable prices, hardship is handled in a more sensitive and responsive way and emerging technologies benefit all consumers. We are willing to partner in this work. We urge a strong voice supporting these options".
ENDS

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