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Households are disengaged with information provided to them by the energy market, new research shows, with consumers citing complexity and irrelevancy in messaging.

The research, released today by Energy Consumers Australia, surveyed 2,500 household energy consumers.

Australians are not receiving the right information at the right time from trusted sources, and this is leaving them lacking the confidence to take action and lacking trust in the energy market. Consumers can be the heroes of net zero, but they need to know what is being asked of them in the energy transition.

The information is coming at them from so many sources, many of which they simply don’t trust, and it is so complex that they just switch off.”

Mandate that the RBA’s overarching objective is to “promote the economic prosperity and welfare of the people of Australia, both now and into the future,”

Confirm that monetary policy should have dual objectives of price stability and contributing to full employment,

Reinforce the RBA’s independence, including by repealing the power of the Treasurer to overrule its monetary policy decisions,

Establish a Governance Board to oversee the management of the RBA, and

Clarify the RBA’s responsibility to contribute to financial system stability.