Energy Supply Association of Australia (esaa) CEO Matthew Warren said deregulation would drive prices lower for consumers by encouraging more competition among power retailers.

Mr Warren said deregulating retail prices was working for consumers in South Australia and Victoria, increasing competition and driving lower prices.

According to the esaa, South Australia deregulated its electricity prices on 1 February 2013. CPI data since deregulation shows electricity prices fell by 1.8 per cent in Adelaide in 2013, the only capital city to record a fall.

Mr Warren said, “Getting rid of price regulation allo...