Your household power bills could be 15% cheaper, if Australia's energy regulator was doing its job

By Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University

If you’re like most Australians, the single biggest chunk of your energy bill — about 40% — goes to a network services company, which owns and operates the transmission lines or pipes delivering electricity or gas to your home.

But evidence from takeover bids for Australia’s last two publicly listed electricity network services companies suggests you are paying more than you should.

These prices are set by the Australian Energy Regulator, because network services are monopolies: you can choose your energy retailer, but not the lines or pipes through which the electricity…

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