Standing offer tariff consultation 2014 (removing the carbon price)

The Clean Energy Legislation (Carbon Tax Repeal) Act 2014 requires retailers to pass on to customers all cost savings resulting from the repeal of the carbon tax. We consulted with retailers a standing offer tariff variation that enabled them to introduce a carbon price-exclusive standing offer tariff.

On 18 June 2014, we released our position paper Variations to Standing Offer Tariffs Following The Removal of The Carbon Price. We invited submissions from stakeholders on our preferred option, which was to allow retailers to vary their standing offer tariffs one additional time to introduce a carbon price-exclusive standing offer tariff. This would not invoke enforcement action from us for potential regulatory breaches. 

We considered all submissions, and released the Variations to Standing Offer Tariffs Following the Removal of The Carbon Price: Final Decision. We also released a compliance statement outlining the procedures a retailer must follow if it decided to use the additional variation to introduce a carbon price-exclusive standing offer tariff.