MONDAY 23 AUGUST, 2010 |
Electricity Price Rise To Sting Three Australian States
The cost of electricity continues to climb, making solar power an even more
attractive option for many Australian households and businesses.
Customers of TRUenergy in New South Wales, South Australia and Queensland have
been receiving notifications of looming electricity hikes, effective as of
Sunday 29 August 2010.
TRUenergy says the increase will depend on a customer's energy consumption and
any discounts that apply to a tariff. A post on national solar solutions
' community forums from a TRUenergy customer states a 20% increase
TRUenergy says the price increase is due to increased network costs the company
incurred from 1 July 2010 in addition to other increased retail and wholesale
costs. TRUenergy is one of Australia’s largest energy companies,
providing gas and electricity to over 1.3 million household and business
customer accounts throughout Australia.
Many customers of other electricity retailers and those in other states have
already been recently slugged with increases in electricity, with more on the
way. Earlier this year, the Independent Pricing and Regulatory Tribunal (IPART) confirmed a 46 - 64 percent increase in electricity prices
for NSW electricity customers over the next three years; with some of that
increase already having been delivered since that time.
The relentless and substantial increases are seeing more Australian households
and businesses considering the installation of a solar
. Aside from the direct savings on electricity, feed
programs available in most states pay owners of solar power
systems a premium rate for electricity generated that is exported to the mains
power grid; greatly reducing system payback time.
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