Why has the market opened up to so many retailers? - Seedly

SeedlyTV EP08

General

Electricity Market

Asked by Anonymous

Asked on 10 Jul 2019

Why has the market opened up to so many retailers?

In the past there was only SP. Now have like 13 retailers?

2

Answers (2)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Alber
Alber
Level 2. Rookie
Answered on 12 Jul 2019

From the proposed articles on EMA website. The Open Market is rolled out in stages and only recently to residential households. The number of retailers as it seems is to provide:

  1. Competition between retailer will drive better prices.

  2. More innovation may lead to new products and price plans

  3. Traditionally, in many other markets there will be some form of consolidation over time but for now, seems like consumer gets to benefit from such competition.

0 comments

1
Milly Fbk
Milly Fbk
Level 3. Wonderkid
Answered on 13 Jul 2019

Why?

Because there's profits to be made and the barriers to entry is lowered then before.

0 comments

0