Plan to rein in utility spending
Electricity utilities will be forced to cut planned spending if it is unnecessary, with new controls to be introduced to challenge outlays in a further bid to rein in spending.
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}
A text message with your verification code was just sent to {{user.DayPhone}}
We cannot send you a code via SMS to {{user.DayPhone}}
Hi {{ user.FirstName }}, please provide your mobile number.
{{ content.trialHeading.replace('{0}', user.FirstName) }}
We'll send you a text message with a verification code to start your free {{ '0' == '1' ? 'Eureka Report' : 'Intelligent Investor' }} 15-day trial.
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Eureka Report 15-day free trial
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
The so-called "gold-plating" of the electricity network has forced prices significantly higher over the past five years, resulting in a consumer backlash and a reduction in energy consumption.
Prices across the country have risen by more than 50 per cent.
To prevent electricity companies from unnecessary spending, which enables them to boost user charges even if the outlays have not been approved, a number of regulatory reforms are to be introduced which will give the authorities the power to force utilities to cut outlays.
"We will use benchmarking and other techniques to assess the need for and efficiency of spending proposals," said Andrew Reeves, the chairman of the Australian Energy Regulator.
NSW network companies have been criticised in the past for having higher costs than their Victorian counterparts, which are now in the process of being addressed.
Electricity distributors will be forced to introduce more efficient ways of providing services, as well as to ensure that customers benefit if spending is cut below planned levels, rather than the benefit flowing to the utilities.
