WEDNESDAY 20 JUNE, 2012 |
Australian Electricity Price Rise Roundup
We've reported on Queensland, South Australia and New South Wales' recently
announced electricity price rises - now it's the A.C.T., Victoria, Western
Australia and Tasmania's turn.
Here's how the picture looks across Australia for electricity price hikes in the
next few months:
The situation in Queensland is complex - while the main residential tariff will
remain unchanged, a large jump in Tariffs 31 and 33 will occur and combined with
other factors, will translate to a reported average 16% rise for households and
higher for farmers from July 1. Read
New South Wales
Average regulated retail electricity prices in New South Wales will jump 11.8%
to 20.6% across different electricity supply regions from the start of July. Read
In early June, the A.C.T's Independent Competition and Regulatory Commission released
its final report on retail prices for franchise electricity customers, approving a 17.74% increase in retail electricity
prices from July 1. Read
Across Victoria's five distribution areas and depending on the retailer,
electricity prices will jump between 8.2 and 14.8% says The Age. Read
Electricity prices for residents of the Apple Isle will reportedly jump
approximately 12%. Read
Last Friday, the Essential Services Commission of South Australia (ESCOSA)
announced electricity price hikes of 18 per cent from August 1. Read
Residential customers in Synergy's network can expect to pay an extra 12.6% for their electricity supply from July 1.
Upcoming increases in the cost of electricity are due to a number of factors;
with a significant chunk attributable to rising network costs in some cases.
Australia's carbon tax will also play a role; however 90% of households will receive carbon price compensation; with
around two-thirds being fully compensated - but only for this component of the
Recent and looming price hikes are triggering additional interest
from households wanting to make the switch to solar energy as a way of reining
in their electricity expenses. Even an entry-level 1.5kW
rooftop solar panel system can put a major dent in a family's electricity bills
and a 4.9kW system in many cases can wipe out those bills altogether.
Energy Matters is currently running a major solar
power system sale
to help businesses and households go solar; slashing
prices on fully installed systems by up to 30%. System pricing can be secured
from as little as 5 - 10% deposit and a payment plan is also available.
Other news for Wednesday 20 June, 2012
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