With respect to the retail sector, the report states:
"These practices create significant confusion for consumers, causing some consumers to make decisions based on simple indicators (such as which headline discount is largest), to use third party comparator services (which add costs to the supply chain through the commissions they charge to retailers) or to disengage altogether.
The market has evolved in such a way that standing offers, which were originally intended as a default protection for consumers who were not engaged in the market, have been used by retailers as a high-priced benchmark from which their advertised market offers are derived.
Consumers facing particular hardship and socioeconomic barriers to effective engagement in the electricity market are unlikely to get all of the benefits that competition can offer in this market
The gap between the best and worst offers in the market has been widening, effectively acting as a tax on disengaged customers, whether a customer is disengaged by choice or because of the unnecessary complexity"
Anyone who has attempted to navigate an analysis of the electricity pricing will have found it is more difficult even than choosing a mobile phone plan.
Help is at hand. Coal Point Energy Community Inc is here to assist by offering to negotiate on your behalf a "group buy" of electricity.
All you need to do is send a copy of you electricity bill, especially the page with the different rates, by email to changecoalpointelectricity@gmail.com and we will collate the data into a bulk buy.
This opportunity is not limited to just residents of the Coal Point peninsula and the more participants we have the stronger is our bargaining position so recruit all you friends and neighbours to this offer.
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