Treasury plans to give energy retailers control of consumer

Treasury plans to give energy retailers control of consumer data should be abandoned


Public Interest Advocacy Centre
The Commonwealth Treasury’s new proposal for a Consumer Data Right (CDR) increases risks for vulnerable energy consumers, won’t deliver its intended benefits and should be abandoned.
These were the recommendations of the Public Interest Advocacy Centre’s submission to the Treasury’s consultation on its plans for a CDR for energy. The Treasury proposal puts control of energy consumers’ data in the hands of energy retailers and automatically opts consumers in to sharing their joint account data.
‘Giving retailers control of people’s data undermines the intent of the energy CDR to give consumers the ability to use their data to their advantage’, said Craig Memery, Director of Energy Policy, Public Interest Advocacy Centre. ‘Retailers have no interest in helping their customers shop around for a better energy deal. The whole point of an energy Consumer Data Right is to overcome this problem; Treasury’s recommendation will only make it worse.’

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