Deregulation of the Energy Market
Deregulation of the Energy Market
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Home Page > Business > Industrial > Deregulation of the Energy Market
Deregulation of the Energy Market
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Posted: Feb 07, 2011 |Comments: 0
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Over the past ten years, have you noticed the changes in the Energy market in Australia? Aussies in VIC, NSW, SA and QLD now have the ability to choose their energy retailer. How did this happen? Well, it all started in Victoria in 1994. Before then, the state was run only by a state government entity called SEC (State Electricity Commission). To increase competition and to give consumers the choice, the industry was privatised. This gave non-government companies the opportunity to enter the energy market and also meant that private companies were now allowed to retail electricity and gas, rather than have the government run the industry.
Victoria was the test market for deregulation in Australia. Since it was a success, South Australia, New South Wales and Queensland followed soon after. By deregulating the energy market, the competition was on. To be able to gain market share, companies had to offer something different to clients – a better energy price, greater benefits and a different approach to customer service.
The choices are endless: there are 14 companies in Victoria, 6 in South Australia, 14 in Queensland and 23 in New South Wales. Choosing your energy retailer is an important decision, but the decision process depends on what is most important to you as a client. Most retailers including Lumo Energy offer green energy for the environmentally conscious as well as discounts for all those people out there who pay on time. One thing that we here at Lumo Energy (are proud of, is our online rewards program – Lumo Advantage. We want to be more than just your energy provider – we want to make you shine!
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About the Author:
At Lumo Energy, we’ve got a lot of big ideas. Ideas about doing things differently from the rest, about trying new things, about doing everything we can to keep you shining. We don’t just talk big, we follow through on our promises. We promise to provide you with the best service, the most flexible options and to take care of all of the fiddly stuff. So you can worry about more important stuff.
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Article Tags:
energy, electricity, gas, energy retailer, energy price
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