Make Sure You Get The Savings From The Carbon Tax Repeal

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The consumer watchdog, the Australian Competition and Consumer Commission (ACCC), has issued more than 250 please explain notices to electricity and gas suppliers.

The businesses are required to respond explaining how the carbon tax repeal affects their costs and prices.

“The bottom line is if you made a representation of price increases as a result of the carbon tax on the way in, be prepared to show and explain your price decreases to the ACCC on the repeal of the tax,” says ACCC chairman Rod Sims.

The carbon tax legislation was repealed from July 1 and utilities have to refund that difference on any bills issued since.

Compliance has been high.

He says this shows businesses supplying regulated goods are taking the ACCC’s role and powers seriously and are conscious of doing the right thing.

Gas and electricity retailers in September sent letters to customers stating the estimated cost savings.

However, the ACCC recently started court proceedings against Synthetic Greenhouse Gas supplier Actrol Parts Pty Ltd alleging that it made false or misleading representations about the effect of the carbon tax.

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