Disruption coming to electricity retail?

New rules could make switching power companies as easy as getting a text.

Comparing electricity providers could soon be faster and more accurate, as changes to the Electricity Code force greater transparency onto usage and billing.

From February 2016, retailers will have to provide almost all customers with smart meters – or nominated agents – usage data broken to half hourly slots for the previous two years.

The data will allow detailed analysis into exactly which tariff would be the cheapest for customers, rather than estimates provided by comparison websites.

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