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Australia Overhauls Energy Pricing to Curb Bill Hikes and Shield Vulnerable Customers

The first tranche of measures will take effect on July 1, 2026, as part of a phased rollout to simplify billing for consumers.

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Vulnerable customers will be afforded extra protections from price gouging by electricity retailers in rule changes set to come into effect in 2026.

Overview

  • Retailers will be barred from raising prices more than once a year.
  • Late-payment fees and charges targeting vulnerable customers will be prohibited.
  • Retailers must ensure vulnerable Australians are on their best available energy plan without extra fees.
  • Changes will be phased in over 2026, with initial measures starting July 1 and remaining rules from December 30.
  • Research shows about 40% of Australians do not read their energy bills, fueling calls for simpler pricing.