Energy retail price offers comparison report 2021-22
31 Aug 2022
Under the Electricity Act 1996 and Gas Act 1997, the Commission provides to the South Australian Minister for Energy and Mining (Minister) an annual Energy Retail Price Offers Comparison Report.
The Energy Retail Price Offers Comparison Report 2021-22 discusses electricity and gas retail offer prices that were generally available to small customers (residential and small business) during the period 30 June 2021 to 30 June 2022.
The key observations of the Report are that:
- Average residential annual electricity retail Standing Offer prices fell by 7.9 percent and average Market Offer prices increased by 5.1 percent over the 12 months to 30 June 2022. Average small business annual electricity retail Standing Offer prices fell by 4.5 percent and average Market Offer prices increased by 2.2 percent over the same period.
- Average residential annual gas retail Standing Offer and Market Offer prices increased by 1.9 percent and 9.7 percent respectively over the 12 months to 30 June 2022. Average small business annual gas retail Standing Offer and Market Offer prices increased by 1.4 percent and 1.0 percent respectively over the same period.
- Not all retailers had Market Offers available priced at a discount to its Standing Offer prices in 2021-22. For residential electricity customers, where discounts were available, the discount between a retailer’s Standing Offer and average Market Offer ranged from five percent to 19 percent. For residential gas customers, where discounts were available, the discount between a retailer’s Standing Offer and its average Market Offer ranged from seven percent to 16 percent.
- There was potential for small customers to reduce their annual energy bills by switching from Standing Offers to Market Offers or, if already on a Market Offer, by considering (and switching) to alternative Market Offers. Customers can use the Australian Energy Regulator’s (AER) Energy Made Easy website to compare all available offers.