Australians who activated hardship programs from their energy provider should be able to access them for the rest of the year after a major ruling from a key advisory body.
The Australian Energy Market Commission (AEMC) on Thursday declared most energy providers could defer their network bills for six months giving them the financial breathing space to extend hardship measures for struggling customers.
The decision, which is essentially a six-month moratorium on retailers payments to distribution network service providers, could see more than 40 per cent shaved off retail bills until December.
However, eligible retailers would have to eventually repay those costs at 3 per cent interest.
The ruling is the latest step to combat retailer…
Read the full article at: https://thenewdaily.com.au/finance/consumer/2020/08/09/energy-costs-hardship-provider/
