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Prime Minister summons electricity retailers to Canberra for summit

Today (Wednesday 9 August) Prime Minister Malcolm Turnbull, Treasurer Scott Morrison and Energy Minister Josh Frydenberg will meet with Australia’s largest energy retailers and Matthew Warren of the Australian Energy Council in Canberra. The Prime Minister has requested the meeting in an attempt mitigate the rising cost of energy for Australian consumers.

One of the key concerns Mr Turnbull will be discussing is the action of retailers switching consumers to more expensive tariffs without their knowledge.

Whilst the ACCC is investigating competition within the electricity retail market, this report will not be finalised until next year. The Prime Minister is seeking more immediate solutions to the issue of rising electricity costs.

Edge will be monitoring this meeting closely and will provide commentary after the contents of the discussion are released.