If you live in an apartment block with an embedded power network, you are probably paying too much for your electricity.
A new study shows that customers on embedded networks generally pay higher electricity bills
Embedded networks are used in multi-resident complexes such as apartments, retirement villages and caravan parks
A contractor or owners corporation buys power in bulk and on-sells to individual residents
A new study by the Victoria Energy Policy Centre, commissioned by the Victorian Government and released exclusively to 7.30, has found customers on embedded networks in Victoria are paying up to $439 a year more than the best deal they could get if they were able to switch retailers.
A typical customer on an embedded network could reduce their bill by 36 per cent if they were able to switch to the best deal on the market.