In response to the announcement that power prices are set to soar, Labor Energy Minister Lily D’Ambrosio simply told Victorians to “shop around,” and encouraged consumers to use the Government’s Victorian Energy Compare website.
However, it has been revealed that the Victorian Energy Compare website is misleading, with the default "price" setting ranking retailers according to unconditional discounts, rather than the cheapest offer.
To rank typically cheaper deals with conditions such as paying on time or e-billing, consumers need to realise they must click a separate "discounted price" button after receiving initial more expensive energy deals.
“Analysis undertaken by the Opposition of 10 sample households found they were denied savings from $30 to $290 in the first year if relying on the default versus discounted price top listing,” Ms Peulich said.
“Energy customers do not want more spin from Daniel Andrews, they want cheaper power prices.”
“Power customers in my region are going to be hit by a 10% surge in energy bills, and now households and businesses are angry after being cheated out of better electricity and gas savings,” Ms Peulich said.
With the Hazelwood Power Station to shut down its eight generators on 31 March 2017, more power price increases are expected.