What Turnbull won from power companies

Electricity company chiefs have agreed to give their customers more information about power plans after meeting with Malcolm Turnbull in Canberra.

OUTCOMES FROM MALCOLM TURNBULL'S MEETING WITH ENERGY COMPANY HEADS

* Retailers will write to customers who have reached the end of a discounted plan and outline, in plain English, alternative offers that are available.

* The letter will direct them to the Australian Energy Regulator's Energy Made Easy comparison website or another independent comparison website.

* Retailers will outline to the government and to the competition watchdog steps they are taking to help customers, particularly what they are doing for families and individuals under a hardship program.

* It will include a commitment that those customers will not lose any benefit or discount for late payment.

* Retailers will produce clear user-friendly facts sheets on terms, late payment penalties and early-termination payments.

* Retailers will regularly report to the Australian Energy Regulator how many customers are on offers where the discount period has expired.


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Source: AAP


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