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Prohibiting energy market misconduct

Prohibiting energy market misconduct (Big Stick) legislation is now in effect.

The new legislation requires energy companies to put the interest of their customers first, by requiring them to pass on savings to consumers.

The legislation also prevents energy companies from manipulating wholesale electricity prices and from withholding electricity financial contracts for anti-competitive reasons.

 

 

 

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The department acknowledges the traditional owners of the country throughout Australia and their continuing connection to land, sea and community. We pay our respect to them and their cultures and to the elders past and present.

© Commonwealth of Australia 2020