MONDAY 04 JUNE, 2012 |
2012/13 Queensland Electricity Price Rises Announced
Queensland households, businesses and farmers are braced for another round of
electricity price hikes starting in July.
The Queensland Competition Authority has released its complex Final Price Determination
for 2012-13 regulated retail electricity prices for all regulated retail electricity tariffs in Queensland, except for the main residential tariff (Tariff 11).
Influencing the decisions were a number of factors including further increases in network
charges and jump in the underlying cost of energy for small customers of around
Another important factor says the Authority are the effects of moving from what
it calls an "ad hoc" set of tariffs to a new tariff structure more closely
aligned with supply costs that will have increased the prices for some tariffs and decreased the prices for others.
While the main residential tariff will remain unchanged, a large jump in Tariffs 31 and 33 (off-peak controlled load tariffs) are
due to the new prices "more accurately reflecting the costs of supply."
reports for households with off-peak tariffs for appliances such as electric hot
water systems, air conditioners or running pool
, the July increases could translate to an additional $69 a year, while
in Queensland may pay $112 more on average.
With off-peak electric water heating about to become less attractive, solar
hot water systems
will likely receive a boost in uptake; as will rooftop
solar panel systems
to help offset increases. Queensland's popular solar
feed in tariff
program pays solar households 44c per kilowatt hour for
surplus electricity generated that is exported to the mains grid.
Particularly hard hit in the latest round of increases will be farmers.
According to the ABC
tariffs available to non-residential power users have been rationalised and
those that remain will rise by either ten or 20 per cent. The looming price
hikes impacting agriculture may see a spike in interest in solar
power for farms
While many Queenslanders are feeling the pinch of continuing jumps in
electricity prices, Origin Energy is reportedly stating the latest increases
won't be enough
, saying the decision will impede the company's ability to
recoup approximately $60 million from the Queensland market for the cost of
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