Victoria will ban private electricity networks in new apartment blocks in a bid to drive down soaring energy costs and give households greater choice.
Embedded networks are commonly used to supply power to multiple-customer premises such as apartment blocks, retirement villages, social housing and caravan parks, preventing consumers sourcing a potentially cheaper deal.
But the networks will be outlawed in new apartment buildings from January next year, with existing networks reformed, paving the way for 140,000 Victorians to access more competitive deals.
