A new report from The Australia Institute’s Climate & Energy Program shows that a Federal Government proposal to protect households from high power prices is being undermined by the official electricity rule-setting body.

Energy Minister Josh Frydenberg has proposed to change market rules to prevent energy retailers offering ‘discount’ deals that are actually more expensive than basic deals.

The report finds that Minister Frydenberg’s proposal has been watered down by the Australian Energy Market Commission (AEMC).