Business and consumers could soon start paying less for internet as the NBN looks to dump its loathed capacity charges and drop the prices on its fastest plans.
NBN’s first draft of a new pricing plan under the Labor government would cut the cost of high-speed broadband for business and consumers and phase out unpopular capacity charges for lower speed plans from next year.from NBN Co, which was made following criticism from the competition watchdog over its previous proposal to lock in price rises of up to 3 per cent above the rate of inflation on some plans.
TPG was, however, more critical. While NBN Co has committed to dropping the excess capacity charges on slower entry-level plans – it had already said it would cut them on higher speed plans – by 2026, a TPG spokesman said the network should scrap these fees now if it is serious. “We look forward to working constructively with NBN Co and the ACCC in forthcoming workshops to work that through,” a Telstra spokesman said.“Our ambition through the process will continue to be ensuring the wholesale terms deliver better outcomes for our customers, sustainable industry economics and increased use of an important national asset.”
This initial discussion paper, which will be subject to further regulatory and industry consultation later this month, includes new powers for the ACCC to reset the NBN’s revenue and pricing framework from 2032. It includes new caps on the building and infrastructure costs NBN can recover each year too.
“The Special Access Variation process offers the best prospect of a regulatory outcome that serves the long-term interests of NBN Co and consumers,” she said in a statement.“The value of NBN Co is established independently of government, in accordance with accounting standards.
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