ACOSS strongly welcomes Minister Bowen's review of the electricity Default Market Offer (DMO) to better protect people from unreasonable electricity price rises.
ACOSS CEO Cassandra Goldie said: "We strongly welcome the review of the DMO. It must be reformed to act as a proper safety net rather than just a cap on market prices.
"The DMO should be based on an 'efficient' and 'fair' price for an essential service rather than a 'reasonable' price that benefits retailers.
"Large energy retailers are making enormous profits while people are struggling with energy debt, putting food on the table and keeping their homes cool in summer and warm in winter.
"Our sector has been calling for reform and we warmly welcome the Government's announcement today."
