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‘Default energy price’ changes could see power bills slashed by hundreds

Households could save between $273 and $832 a year on their power bills under a suite of changes proposed by the Morrison government.

Ramping up its push to bring power prices down, the government will move to set a “default energy price”.

It will force electricity retailers to simplify their contracts and stop price gouging, helping customers to clearly compare offers to find the best deal.

“We’ve heard the promises before and I think voters want to see action. They want to see changes in the amount of money they pay for the next bill,” says Chris Smith.

“So it’s incumbent on the government to make changes by bringing this in automatically.”

Energy Minister Angus Taylor has met with his state and territory counterparts in Sydney to discuss co-operation and law changes.

He tells Chris he’s focused on “getting a fair deal for customers and stopping the ripoffs that have been happening in the past”.

The Energy Minister says the move to enforce changes will happen “straight away”, with legislation expected to come forward this year.

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