The National Broadband Network Co (NBN Co) has announced it will freeze wholesale prices for key products for the next five years and to limit later increases to less than inflation.

 

The commitment came in NBN Co's Special Access Undertaking (SAU), a document that sets out the 30-year regulatory framework via which it plans to set price and non-price terms and recover rollout costs, subject to the oversight of the Australian Competition and Consumer Commission.

 

The release of the SAU follows NBN Co's publication lof its Wholesale Broadband Agreement (WBA), the twelve-month commercial contract that sets out the detailed terms for telephone and internet service providers who want to sign up to operate over the NBN.

 

"Our corporate plan does not envisage that prices will need to rise to achieve our long-term financial objectives, and the SAU formally commits us to limits on the prices we set in the future. This includes that prices for individual NBN wholesale products will not increase by more than half of CPI in a given year, and possible increases in one year can't be carried to the next if not taken,” NBN Co Head of Product Development and Industry Engagement Jim Hassell said.