Power giants to offer clearer information

Electricity company chiefs have agreed to give their customers more information about power plans after meeting with Malcolm Turnbull in Canberra.

Retailers have agreed to new measures, including writing to consumers who have reached the end of a discounted plan to clearly explain other offers available.

"This will ensure that thousands of Australian families, hopefully millions of Australian families, better informed, will then be paying less for their electricity because they will be on the plan that works best for them," the prime minister told reporters on Wednesday.