Power bills could be cut by up to $730 a year under proposed laws

Power bills could be cut by up to $730 a year under proposed laws

The so-called ‘loyalty tax’ would go, meaning cheaper power even for those who don’t change providers or shop around.

ESC puts forward new energy pricing rules - Utility Magazine

Image: Vadym/stock.adobe.com The Essential Services Comission (ESC) is proposing new rules to help Victorians access affordable energy by requiring energy retailers to move certain customers onto cheaper plans.   The commission estimates these rules would save customers an average of around $225 on electricity and $182 on their gas each year.  The proposed changes to the Energy Retail Code of Practice are designed to ensure customers experiencin…