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What is the difference between a standing contract and a market contract?

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What is the difference between a standing contract and a market contract?

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The standing contract is the retail energy contract (either electricity or gas) available to all South Australian small customers. The terms and conditions of this type of contract are set by the Essential Services Commission of South Australia under the Energy Retail Code. The Commission also establishes a price path for standing contracts which regulates the tariffs applied under the contract.

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