The Business Council of Australia has made a short submission to the Essential Services Commission of South Australia regarding the 2011–2014 Electricity Standing Contract Price Determination Wholesale Electricity Cost Investigation.
A clear commitment was made by the Council of Australian Governments, when they amended the Australian Energy Market Agreement in June 2006, for all jurisdictions, including South Australia, to remove retail price regulation where competition was found to be effective.
This commitment remains in place. However, to date only Victoria has removed retail price regulation.
As the submission notes, there is no good reason for prices to continue to be regulated in South Australia given that competition was found to be effective in that state.