sec.62Price comparator

sec.62 Price comparator

This section applies in relation to this jurisdiction only if and to the extent a local instrument of this jurisdiction declares that this section applies in relation to this jurisdiction. The AER must develop and make available on a website a price comparator. The purpose of a price comparator is to assist a small customer to compare— the standing offer price available to that customer; and market offer prices that are generally available to classes of small customers in this jurisdiction, in accordance with the AER Retail Pricing Information Guidelines. A price comparator must make clear to small customers that it only provides a guide. A price comparator may, in addition to the information about the price of the standing offers and market offers listed in the comparator, include such other information as the AER considers will achieve the purpose of a price comparator. Nothing in this Law prevents the AER developing and making available a single price comparator for a jurisdiction that compares prices for the provision of both electricity and gas. The AER must update the price comparator information as soon as practicable after a retailer informs the AER of any variations to the retailer’s standing offer price or relevant market offer price. In the development and updating of a price comparator, the AER must undertake such consultation as it considers appropriate. A difference between information made available under a price comparator and a retailer’s standing offer price, market offer prices or any variation to those prices does not affect the operation of that retailer’s prices or variations to those prices. For example, there may be a delay in updating information on the price comparator service. (sec.62-ssec.1) This section applies in relation to this jurisdiction only if and to the extent a local instrument of this jurisdiction declares that this section applies in relation to this jurisdiction. (sec.62-ssec.2) The AER must develop and make available on a website a price comparator. (sec.62-ssec.3) The purpose of a price comparator is to assist a small customer to compare— the standing offer price available to that customer; and market offer prices that are generally available to classes of small customers in this jurisdiction, in accordance with the AER Retail Pricing Information Guidelines. (sec.62-ssec.4) A price comparator must make clear to small customers that it only provides a guide. (sec.62-ssec.5) A price comparator may, in addition to the information about the price of the standing offers and market offers listed in the comparator, include such other information as the AER considers will achieve the purpose of a price comparator. (sec.62-ssec.6) Nothing in this Law prevents the AER developing and making available a single price comparator for a jurisdiction that compares prices for the provision of both electricity and gas. (sec.62-ssec.7) The AER must update the price comparator information as soon as practicable after a retailer informs the AER of any variations to the retailer’s standing offer price or relevant market offer price. (sec.62-ssec.8) In the development and updating of a price comparator, the AER must undertake such consultation as it considers appropriate. (sec.62-ssec.9) A difference between information made available under a price comparator and a retailer’s standing offer price, market offer prices or any variation to those prices does not affect the operation of that retailer’s prices or variations to those prices. For example, there may be a delay in updating information on the price comparator service.