Why are energy retailers failing and what is the energy Retailer of Last Resort Scheme?

Emily Seeckts discusses the pressure faced by energy retailers and the levers available to navigate through the current wholesale price pressure.

Between May and the start of September seven energy retailers in Australia have ceased trading after failing to navigate the current market turmoil and the Australian Energy Regulator (AER) has instigated its ‘retailer of last resort’ powers to protect customers. So why are energy prices so high and what does that mean for retailers? This article aims to explore what is happening to energy retailers and what they can do to help navigate through this. Why are energy prices so high? A perfe...

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Authors: Emily Seeckts

Published Date: 15 September 2022