A recent collaboration between the Behavioural Economics Team of the Australian Government (BETA) and the Australian Energy Regulator (AER) has empowered consumers to seek out a better energy plan, and stimulated a more competitive market for Australians.

Navigating the energy market can be challenging. But, thanks to new research from BETA, a cheaper plan could be hiding in plain sight on your next energy bill. Research has shown changes to Australian energy bills have helped consumers to better understand their bill and the market, and make the switch to a better plan.

Opening

I would like to thank the Australian National University, and particularly the Indonesia Project, for inviting me to speak tonight at this 60th anniversary gala dinner.

I acknowledge the Traditional Custodians of the land on which we are meeting, the Ngunnawal people, and I acknowledge their ongoing connection to Country.

I pay my respects to their Elders – past and present – and extend my respect to any First Nations people who are with us tonight.

By participating in international events, Australia makes an important contribution to advancing the rights of women and girls globally.

In July 2025, Padma Raman, Executive Director for the Office for Women, attended the third G20 Empowerment of Women Working Group (the Working Group).

For energy retail pricing to be competitive, consumers need to walk away from expensive plans. In reality, searching for a new plan costs time and effort. Frictions amplified by brand loyalty, choice overload, retailer bundling tactics and plan complexity mean consumers often stick to the status quo.