Energy minister spruiks report for consumer choice

Federal energy minister Martin Ferguson says bill payers may have a choice to reduce their power bills through changing consumption patterns.

By electing to switch to a time varying retail electricity tariff - consumers can lessen their consumption during periods of higher electricity prices and ultimately save money.

Released on Friday, the Australian Energy Market Commission's (AEMC) Power of Choice Review brought forward a number of recommendations which look to aid in reducing the burden of bill payers.

He commented: "This saving [by switching to a time-varying tariff] could increase to an extra $100 a year if consumers are able to shift around 20 per cent of their use from the peak afternoon period (14:00 to 20:00 AEDT) to other times.

"This could easily be achieved through simple changes such as changing the time when the dishwasher, tumble dryer or washing machine are used."

Mr Ferguson said that Australians want to see a greater range of choices to accommodate different lifestyles, adding that this report is a catalyst for such changes.

The minister said that the government is committed to providing the Australian people with as many choices for energy consumption as possible.

Posted by Charlie Moore