19/10/2017 - 06:25

Origin to launch in west today, deepening price war

19/10/2017 - 06:25

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Sydney-based energy provider Origin Energy will launch in the Western Australian retail gas market today, 10 months after Business News revealed the company would be the fourth business to supply domestic gas in the state.

Origin to launch in west today, deepening price war
Origin will begin retailing in the domestic gas market today.

Sydney-based energy provider Origin Energy will launch in the Western Australian retail gas market today, 10 months after Business News revealed the company would be the fourth business to supply domestic gas in the state.

Origin’s move comes after the arrival of AGL Energy earlier this year, and the entry of Wesfarmers subsidiary Kleenheat in 2013.

They join Alinta Energy, which has long been dominant in the market.

The entry will put further pressure on retail gas prices, with the company pledging to give discounts of up to 35 per cent off usage charges for direct debit customers.

AGL had been offering discounts of up to 26 per cent.

Origin general manager of retail sales, Duncan Permezel, said the company would offer a wide range of products and bring lower gas bills.

“For customers who haven’t reviewed their gas bill for a couple of years, chances are they’re paying more than they need,” he said.

“With one quick phone call to Origin or a few minutes online, an average household could save around $210 a year on their natural gas bill.”

As of the latest energy market review by the Economic Regulation Authority of WA, Kleenheat has a 12.5 per cent market share of gas supply to residential customers, and 15.4 per cent of businesses customers.

Electricity markets, by comparison, do not have full retail contestability.

Energy Minister Ben Wyatt signalled that the state government may look to change that in by the end of the decade, however.

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