TUESDAY 05 MARCH, 2013 |
Queensland Electricity Distributor Making A Million Bucks A Day
While Queenslanders struggle with power bills and face yet another massive
electricity price hike, Energex is reportedly raking in profits of $1 million a
According to the Courier
, state government owned Energex generated $201.3 million profit in the first six months of the 2012-13 financial year.
The news likely won't be well-received by battlers in Queensland who may face a 21%
increase in electricity bills
While Queensland Energy Minister Mark McArdle said he was "acutely aware that families and businesses were struggling",
how and how much particularly disadvantaged households will be protected from
the looming power price hikes is unclear.
The outrage expressed over the situation may motivate more families to install
; particularly the tens of thousands of people who received
approval last year for the 44c solar feed in tariff but are yet to install a
According to national solar provider Energy
, with the window for installing a system rapidly closing, a rush has
already begun to secure an installation appointment and the company is urging
eligible applicants to call 133 SUN (133 786) to ensure they don't miss
Energy Matters is currently running a series of solar
power package specials
to help as many households as possible make the
switch to solar before the deadline.
Under the 44c feed in tariff arrangement, Energy Matters says a 5kW system can
provide a financial
benefit of more than $70,000
over its lifetime.
Solar can also provide major financial benefits for those not eligible for the
44c feed in tariff rate says Energy Matters. For example, a smaller 3kW system
installed in Brisbane and elsewhere in the state can provide electricity bill
savings of between $1,066 and $1,470 annually.
The Queensland Competition Authority's Final Determination on electricity bill
increases will be released by the end of May 2013.
Other news for Tuesday 05 March, 2013
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