On July 1, new regulations designed to make energy pricing fairer rolled out in the energy sector. About time, we say.
The reforms are designed to make it harder for energy companies to get away with unfair practices. For some energy companies it will mean big changes to the way they do things. But here at Momentum it’s more or less business as usual. We welcome the new regulations because we’re always on the lookout for new ways to minimise hassles for our customers.
When we say reforms, we’re talking about new regulations that came into force on 1 July 2019. These regulations have been designed to make buying energy fairer for consumers.
They’ve been described as broad and far reaching, but the reality for most Momentum Energy customers is that not much will change. That’s because the regulations are mainly there to protect people against unethical practices, and at Momentum that’s not what we’re about.
We’re obviously energy regulation nerds, but for most people this is as interesting as the reforms get. If you love facts, figures, dollars and dates, be sure to check out our FAQs section where we go into the changes in more depth.