South Australian energy retail offer price - Ministerial report 2015 - Archived
28 Aug 2015
Each year the Commission provides to the Minister for Mineral Resources and
Energy a comparison report on energy retail price offerings available to South
Australian small customers (residential and small business) for the previous
financial year.
The 2015 report discusses electricity and gas retail offer prices that were
generally available to small customers if they were to seek a new offer in the
market.
The key observations of this year's Report are that:
- Average annual residential electricity Standing Offer and Market Offer
prices fell by one per cent and five per cent respectively over the twelve
months to 30 June 2015. While the average annual small business electricity
Standing Offer prices increased by one per cent, the average annual small
business Market Offer bill fell by two per cent over the same period.
- Average annual residential gas Standing Offer and Market Offer prices
increased by seven per cent and three per cent respectively over the twelve
months to 30 June 2015. Average annual small business gas Standing Offer and
Market Offer prices increased by nine per cent and six per cent respectively
over the same period.
- There were considerable discounts between electricity and gas Standing
Offers and Market Offers. For residential electricity customers, the discount
between a retailer’s Standing Offer and average Market Offer ranged from seven
per cent to 17 per cent. For residential gas customers, the discount between a
retailer’s Standing Offer and their average Market Offer ranged from seven per
cent to 11 per cent.
- There was potential for small customers to reduce their annual energy bills
by moving from Standing Offers to Market Offers or, if already on a Market
Offer, by considering alternative Market Offers. Customers can use the
Australian Energy Regulator’s (AER) Energy Made Easy website to compare all
available offers.