Many consumers asked the question - why are the retail electricity suppliers able to offer discounts of up to 25% compared to the rates charged by SP Group when it was the monopoly.
The answer has now been provided here. Basically, the price charged by SP Group was determined by the Energy Market Authority. The authority allowed SP Group to keep a margin of 24 percent.
The next question that arises is - why does the EMA allow the SP Group to have such a large margin? This question was not asked. It was not answered.
I wish to ask a follow up question - what is the fair rate for SP Group to keep?
Here is my answer.
https://tklcloud.com/Feedback/feedback2.aspx?id=1079
The answer has now been provided here. Basically, the price charged by SP Group was determined by the Energy Market Authority. The authority allowed SP Group to keep a margin of 24 percent.
The next question that arises is - why does the EMA allow the SP Group to have such a large margin? This question was not asked. It was not answered.
I wish to ask a follow up question - what is the fair rate for SP Group to keep?
Here is my answer.
https://tklcloud.com/Feedback/feedback2.aspx?id=1079
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