Affordable and reliable power for Australians

A major package of measures was announced on 23 October 2018 to save Australian families hundreds of dollars a year off their power bills, though a new 'price safety net', action to stop customers being ripped off by energy retailers and by improving competition.

New support for reliable power will be achieved by requiring energy companies to sign contracts guaranteeing enough energy to meet demand. The Australian Government will work with the state and territory governments through the COAG Energy Council to ensure these contracts are in place.