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Code change 'will make it easier for electricity consumers'

Contributor:
Fuseworks Media
Fuseworks Media

The Electricity Authority has today announced a significant change that will make it easier for electricity consumers to access detailed data about what electricity plans are available to them. This change, which comes into force on 1 February 2016, will also open the way for more providers of price comparison and switching services to enter the market.

Chief Executive of the Authority Carl Hansen says "We’re making it far easier for consumers to find out what electricity plan best suits their household. We’re also making it easier for consumers to share their data with other parties such as providers of price comparison and switching services and other retailers."

The changes to the Electricity Industry Participation Code (2010) will require retailers to provide their general pricing plans to anyone upon request. It will also make publicly available the electricity connection information in the registry system.

Earlier this year the Authority amended the Code to require retailers to provide consumers with their consumption data for the last 24 months in a standardised format that can be easily shared. The Code will require retailers to provide the consumption data for free up to four times a year. This Code amendment also takes effect from 1 February 2016.

Mr Hansen says "With easy access to general pricing plans and individual connection and consumption data, consumers will be able to easily find the best pricing plan for their particular circumstances.

"We are expecting to see new businesses enter the market with innovative approaches to engage consumers and compete with Powerswitch. Ultimately, this should further intensify competition in the electricity market and deliver greater benefits to consumers."

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