AEMC Power of Choice Draft Report Should Go Further BelievesElectricity Wizard CEO
The Australian Energy Market Commission has just released a report that proposes new ways for consumers to manage their electricity bills and control their usage. Electricity CEO, Alan Belkin, believes the recommendations in the report don’t go far enough, and has revealed other strategies that should be included in any electricity-cost-reduction recommendations to Government.
Melbourne, Australia. September 19, 2012.
On September 6, the Australian EnergyMarket Commission (AEMC) called for comment on ‘Power of Choice’, a draft report thatrecommends giving consumers new options in how they use electricity. Alan Belkin, CEOof electricity price comparison service, Electricity Wizard, believes that therecommendations miss some key ways to help reduce electricity prices for manyAustralians.The AEMC report includes a recommendationfor ‘
providing a greater range of pricing optionsto residential and small business consumersincluding the use of electricity tariffs that vary atdifferent times of day and possibly in differentlocations’.The Commission’s Chairman, Mr John Pierce,in announcing the draft report, and calling for comment, also addresses demand-sideparticipation and commercial investment inmetering technology.
However, the report, Mr Belkin says, does not address several key contributors to risingelectricity charges.“Ownership of the electricity infrastructure in Queensland, South Australia and New SouthWales should be deregulated” said Mr Belkin. “Governments should govern. Havinggovernments involved in such projects, without budgets and accountability, inevitablyresults in wasting taxpayers’ money.”“Involving the private sector in the delivery of infrastructure will lead to greateraccountability, and drive down costs” he explained.