Energy faces ACCC review

ENERGY giants will be under the consumer watchdog’s microscope as it monitors the cost and supply of electricity for the next seven years.

An inquiry will examine whether wholesale cost savings are being passed on to customers in Queensland, NSW, Victoria, South Australia, Tasmania and the ACT.

The Australian Competition and Consumer Commission will submit its first report by the end of March next year, and is seeking submissions on how best to conduct the probe into the consequence of policy changes.