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How will Market Development and Systems Charge (MDSC) funded initiatives benefit consumers?
The MDSC supports a range of market development initiatives, such as the Open Electricity Market.
The Open Electricity Market allows consumers to buy electricity from a retailer of their choice, at a price plan that best meets their needs. Empowering consumers with this choice and flexibility in their electricity purchases have incentivised retailers to provide more competitive pricing and innovative offers. There are retailers who offer various types of price plans ranging from green energy options to those with tie-ups with other service providers such as telecommunications companies, insurance companies and banks.