More

    Spotlight to fall on small-business energy pressures

    Ombudsman Kate Carnell has welcomed a focus on the complex ways Australian small firms do business with energy retailers.

    In a statement Ms Carnell said, “Small businesses are often forgotten in the narrative around Australia’s energy crisis, so I’m particularly pleased to see the Australian Energy Market Commission’s focus on the growing divide between small and medium business in its annual retail energy competition report.

    “This report shows that small businesses absorb energy price rises, rather than passing them on to the customer. Instead, they try to reduce their energy consumption, which is often just not possible.

    “What they should be doing is shopping around for a better deal. However, this is compounded by the lack of time and resources, and the complexity of the information provided to them by energy retailers.

    “Energy retailers need to better target small businesses and provide less complex information, so they can quickly and easily choose the best plan for their circumstances.

    “Small businesses make up more than 99 per cent of businesses in Australia and employ more than 5.5 million people. When it comes to energy consumption, small businesses are in a precarious position. They pay higher rates (than households) and use more energy (particularly manufacturers and the hospitality industry).

    “I hope all Australian energy retailers read this report and step up to help small businesses with simple and transparent energy-pricing options and flexible payment plans.”

    Latest articles

    Smart CCTV networks are driving an AI-powered apartheid in South Africa

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Apple may be making major changes to some of its iPhone sizes next year

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Elon says 250,000 people have already preordered Tesla’s new Cybertruck

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Artists used deepfake tech to tell alternate moon landing history

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Related articles