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Summary: Submission to "Preventing Discounts on Inflated Prices" Consultation Paper
National Seniors submitted a response to the consultation paper regarding preventing discounts on inflated energy rates.
They support the proposal to prohibit retailers from applying discounts to rates above their standing offer rates.
National Seniors believes that the complexity of retail energy market offers makes it difficult for consumers to compare and choose the best option.
They support the inclusion of a civil penalty provision under the NERL to ensure compliance.
The organization is concerned that retailers may increase standing offers if discounting is prohibited, disadvantaging consumers who choose to stay on standing offers.
National Seniors also argues against the exclusion of fees and penalties from consideration when determining equivalent standing offers.
They highlight the challenges in enforcing the rule and the potential responses of retailers to the proposed changes.
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National Seniors is a not-for-profit membership and advocacy organisation that gives older Australians – working and retired – a strong national voice. We tackle issues such as age discrimination, mature age employment, the Age Pension, social inclusion, cost of living concerns and more.
National Seniors Australia acknowledges Traditional Owners of Country throughout Australia and recognises the continuing connection to lands, waters and communities. We pay our respects to Elders both past and present.
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