Households will again bear the brunt of last month’s extraordinary electricity market intervention as the costs flow through to retail bills
, which will be recouped from retail companies and passed on to customers.
St Vincent de Paul Society energy policy analyst Gavin Dufty said the compensation costs, averaged out across all electricity customers, would reach about $70 per bill, but the electricity market rules state the amount of compensation paid by each customer is set by their electricity consumption.This means people who have been able to afford rooftop solar and energy-efficient appliances would likely pay significantly less than renters and homeowners who did not have these assets.
“State governments have concession regimes that could be tweaked so they absorb some of these costs, or another way could be so the charges are smoothed out over time rather than a lump sum coming through all at once.“We all benefit equally from the lights staying on and it’s an important policy issue to consider how to share these compensation costs.
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