Small businesses must be in scope at tomorrow’s meeting between the Prime Minister and the big energy retailers, the Australian Chamber of Commerce and Industry said today.
Director of Economics and Industry Policy, Adam Carr said:
“Small businesses have also been hit hard with skyrocketing prices and action needs to be taken to get prices down. Some retailers have increased their prices by 20 per cent, which can mean many thousands of dollars to a small business – that’s money that could instead be used to hire more staff or make new investments.
“Small businesses get their energy from the same retailers and they should be offered the same help with energy costs.
“We want retailers to make it easier for small businesses to compare offers and to switch if they are not getting the best deal.
“Our members tell us that this simply isn’t the case now – the information provided to small businesses and households needs to be clearer and more consistent so that energy users can actually compare costs.
“The ACCC’s inquiry into retail electricity prices will be critical to investigating options to further improve competition and assist small businesses to manage their electricity costs.
“When the big retailers meet with the Prime Minister and Minister Frydenberg we are looking for broad solutions that benefit not only households but small businesses as well”.