Given the pressure on salons to keep their heads above water amid extended shutdowns and restrictions on the types and number of treatments they are able to carry out, paying the power bill on time is one in a long list of obligations that are out of reach for many.
Salon owners are relieved then, that the cost of electricity for businesses has continued to fall across the country.
The Australian Competition and Consumer Commission (ACCC) has found the Government’s Default Market Offer has led to customers on standing offers paying less for their electricity.
“The ACCC report underlines the Government’s initiatives are delivering a fair deal on electricity for households and businesses, particularly as Australia recovers from the impacts of the COVID 19 pandemic,” Treasurer Josh Frydenberg said.
“The ACCC has found the median price for standing offer customers across Victoria, New South Wales, South Australia and south east Queensland between 2018 and 2019 fell by 4.4 per cent for households, and by 7.5 per cent for small businesses.”
Minister for Energy and Emissions Reduction Angus Taylor said the Government introduced the Default Market Offer in July 2019 to protect customers from paying excessively high prices, and around 800,000 Australian households and businesses have benefited from this action.
“Earlier this year, the government acted to expand the protections provided by the Default Market Offer to cover people and small businesses with solar systems, and on flexible or time-of use tariffs,” Minister Taylor said. “The Default Market Offer has clearly helped to lower electricity prices, and not just for standing offer customers, with the average market offer price falling by up to 3.7 per cent for small businesses. Importantly, the Default Market Offer also acts as a reference price, making it easier for consumers to make an apples-for-apples comparison of prices and offers from different electricity retailers,” Minister Taylor said.
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