“We support a reference price that makes it easier for customers to compare offers and know if they are getting a good deal on their electricity, as long as it is a true reference that allows for genuine competition for the benefit of customers. 

“We continue to caution against a return to price regulation as it will stifle investment right at the time we need it to maintain a secure electricity supply for customers as we replace aging coal plants and transition to a lower emissions future.

 “We must not forget that the ACCC released a full package of recommendations right across the supply chain, which included ceasing green scheme subsidies and addressing network costs, both of which will help bring down electricity bills even further for households and businesses.”