MONDAY 20 FEBRUARY, 2012 |
Electricity Retailer Plans To Slug Households Extra 10%
South Australia's largest energy retailer plans to increase the average annual
household electricity bill by an extra $150 due to "special
AGL Energy has made
(PDF) to the Essential Services Commission of SA (ESCOSA), applying for an increase in prices to cover the cost of
, which will be introduced in July this year.
While many South Australian households will be recipients of a carbon tax
assistance package from the Federal Government, the onus will be on recipients to salt away any
benefits to go towards bigger electricity bills - plus other electricity price
increases lurk backstage.
If granted, this increase will not be the end of electricity price hikes as the
letter notes: "AGL understands that the Commission will be amending the Variation Price Determination made in June 2011 to allow for further increases in ETSA Utilities‟ network charges from 1 July 2012. This amendment for network charges will be additional to the cost allowance proposed in this letter."
A report from the Australian Energy Market Commission (AEMC) last year estimated
residential electricity prices are to jump
by 37 per cent
terms on average across the nation by 2014. In South
; residential electricity prices are forecast to jump by 36 per
cent in nominal terms; driven by demand, the state being a relatively small
market and a continuing high dependence on gas-fired power generation
South Australian households considering installing solar panels to buffer
against rising electricity prices may want to do so sooner than later. Not only
does July 2012 herald the beginning of the carbon tax, but also a 33% reduction
in Australia's Solar
; a rebate that reduces the cost of solar power by thousands
According to information on Energy
web site, even an entry level solar
power system in Adelaide
can generate savings of $568 a year.
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