Australian Prime Minister Malcolm Turnbull speaks to the media following a meeting with energy company bosses at the Commonwealth Parliamentary Offices in Sydney.
Australian Prime Minister Malcolm Turnbull speaks to the media following a meeting with energy company bosses at the Commonwealth Parliamentary Offices in Sydney. Dean Lewins

Power sellers jolted by PM

MALCOLM Turnbull says major energy retailers have agreed to contact customers to let them know when a better power deal is available.

The Prime Minister has brought the heads of the leading retailers together for the second time in a month to outline further steps he wants them to take to ease pressure on households.

He said two million Australian families and small businesses could save hundreds of dollars on power by moving to cheaper plans.

"This is a very big breakthrough, and it's happening here and now. A lot of the things we are doing on energy are long-term, like Snowy Hydro 2.0, but this is helping Australian families now,” Mr Turnbull said in Sydney.

Retailers will write to customers by the end of the year to inform them they may be able to get a better electricity deal.

Up to a million more people who are currently on standard electricity plans will also be contacted by their providers.

"Those letters will be sent out by Christmas, they've assured us, and that will invite those customers to go to the Energy Made Easy website and see how they can save potentially a very large amount of money by moving to a more appropriate plan,” he said.

Retailers will also investigate and move towards providing monthly bills, rather than quarterly bills.



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