The market for renewable energy certificates in Australia is currently in freefall. Prices are dropping like a stone, making the cost of being green much cheaper for your retailer. Make sure it gets cheaper for you, too.
The Australian Energy Market Commission (AEMC) is officially starting its Accelerating Smart Meter Deployment (ASMD) reforms. If you don’t already have a smart meter, you will by the end of 2030.
Once again, media focus has been on Default Market Offers, which are the most visible part of the electricity pricing ecosystem.
However, only about 10% of energy consumers are on Default Offers.
The other 90% of us are on Market Offers, which are usually described as being more competitive than Default Offers.
This is true to the extent that the Market Offers that are visible and marketed to new customers are generally discounted against Default Offer prices. We call these Acquisition Market Offers.
Currently, the benchmark discount for an Acquisition Market Offer is around 23-25% below the Default Offer price.
But this masks the underlying reality that Market Offers are variable, and retailers will change both the Acquisition Offer prices that they put into the market, as well as changing the pricing under the feet of their Market Offer customers over time, so whatever Acquisition Offer price you joined your retailer with will almost certainly no longer exist in the market, and very likely will also no longer be the price that you are being charged
Despite this double-edged price variability, retailers routinely will keep the same name for their plans, so that the price you're charged under your 'Super Dooper Saver' plan, or whatever inane brand name they chose for your plan, will have absolutely no bearing on the price your retailer currently offers new customers under that exact brand name.
The market for renewable energy certificates in Australia is currently in freefall. Prices are dropping like a stone, making the cost of being green much cheaper for your retailer. Make sure it gets cheaper for you, too.
The Australian Energy Market Commission (AEMC) is officially starting its Accelerating Smart Meter Deployment (ASMD) reforms. If you don’t already have a smart meter, you will by the end of 2030.
There is a market-wide price reset that takes effect from 1 July every year. Your switching decisions through this transition depend on a few key factors. Here's a detailed breakdown to help guide your decision.
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