In an effort to put to a stop on the big three energy companies from gaining more market dominance, the ACCC has warned the government to leave the big three out of upcoming energy generation investments.
ACCC chair, Rod Sims, argued that the intention of the proposal was to limit the involvement of the big three in order to encourage smaller players to get into the market and ultimately drive down prices.
"We were creating an opportunity for more competition, we just hope that's picked up by not helping the big three," he said.
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However, Federal Energy Minister, Angus Taylor answered that while the government would not directly exclude the big three, it agreed that a dose of healthy competition was not out of the question.
‘We want more independant players into that market, so we welcome the comments from the ACCC,” Taylor explained to reporters in Canberra last Thursday.
“We’re working through the 66 proposals now, we’ll have more to say about this in the near future, but we are absolutely committed to more competition.”
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But according to Mozo energy expert, Nathan Warne, Aussies looking to trim their energy bill don’t have to wait for a regulation to change.
“There are a number of smaller retailers already giving the big three a run for their money and are offering energy plans with great value,” he said.
So with that in mind, we looked into our database and pulled out a few smaller retailers who offer great value in every state.