Australia's National Broadband Network lower prices for broadband and data
The Australian Competition and Consumer Commission (ACCC) recently published its annual report on telecommunications.
The ACCC’s latest “Competition and price changes in telecommunications services in Australia” report found that prices of fixed broadband services dropped by more than 9% in the last year and consumers are getting more data for every dollar.
At the same time, annual prices of mobile services and wireless broadband are also dropping by 3.1% and 6.7% respectively.
The report attributes the lowering of internet prices to the Australian Government’s rollout of the faster and more affordable National Broadband Network (NBN)
Australian Minister for Communications and the Arts Senator Mitch Fifield also commented that more affordable National Broadband Network (NBN) rollout is delivering lower internet bills and lower taxes for Australians.
According to the ACCC report, consumers are also getting more broadband bang for their buck, with five times as many broadband plans now offer unlimited data.
The latest ACCC report follows recent data released by NBN which showed that changes to wholesale pricing have led to a better broadband experience for users. Congestion on the network has plummeted from almost 5 hours per week to just 12 minutes over the past year, and half of new users on the network are taking up faster 50Mbps wholesale speed plans.
The Australian Government is putting a range of new protections in place to ensure broadband customers get the level of service they expect from their retail service provider as they transition to the NBN.
In addition, the ACCC has commenced a broadband monitoring program which will provide consumers with accurate, independent and comparable information about broadband speeds and performance across a variety of retail service providers.
As reported earlier, the Bureau of Communications and Arts Research of Australia (BCAR) has released a working paper that examines the demand for fixed-line broadband in Australia over the next decade.
Despite rapid growth in this demand, the BCAR paper shows that in 2026 the fixed-line broadband needs of Australian households will be well served by the current infrastructure investment in NBN.
The full ACCC report can be found here.
Feature image: Tmthetom/ CC BY-SA 4.0