FinCap welcomes Electricity Price Review Options paper
Wednesday 20 February 2019
FinCap welcomes consumer focus of Electricity Price Review Options paper
FinCap welcomes the priority given in the Electricity Price Review Options Paper to price affordability, a loud consumer voice and a focus on hardship, and urges that support is given to those issues in the final report.
Tim Barnett, FinCap Chief Executive, said today:
"Each year thousands of people, with a total of around $30 million of power debt, use local free budget services to try and sort their debts and create a liveable and realistic budget. This needs to change, and the Pricing Review is a vital initiative to see this happen. The power sector and its regulators need to have a consumer voice at their heart. Listening to that voice will mean that priority is given to fair and affordable prices, hardship is handled in a more sensitive and responsive way and emerging technologies benefit all consumers. We are willing to partner in this work. We urge a strong voice supporting these options".