MONDAY 01 JULY, 2013 |
New Financial Year, More Power Price Pain
Many people will find any tax refund they receive after last financial may be
chewed into by electricity price increases this fiscal year.
The carbon tax increases on Monday from $23 to $24.15 a tonne, which will flow
on to various goods and services such as electricity. While most households
receive some form of compensation, whether they salt it away to help pay for
bigger power bills is another matter.
But the carbon tax is a bit player in electricity price rises - various other
are the major culprits and will drive electricity prices even higher
this financial year.
According to The
, households in South Australia will need to factor into their
annual budgets electricity bill increases of more than $100 from Monday - and
there is the possibility of additional increases in December.
Queenslanders are also staring down the barrel of price hikes - increases
of up to 22%
In Victoria, the average electricity bill will rise by 21 per cent, or about
$300 a year says the Herald
The Australian says the situation in New South Wales isn't so dire, with a price
rise of 1.7%
kicking in from Monday. Still, it adds to the pain of a 79%
increase between 2007 and 2012, followed by a further jump of 11.8% to 20.6%
across different NSW electricity supply regions last financial year.
In Tasmania, the situation is more confusing - but the state's Opposition says
many people will be paying
3 per cent more
for their power from Monday.
In Western Australia, the botched refurbishment of the Muja Power Station and an
increase in the price of wholesale gas
are expected to have an impact on household power prices.
The recent history
of Australian electricity price rises
is truly shocking (no pun intended);
resulting in more households turning to solar power. However, those considering
generating some or all of their power via solar panels should consider taking
action soon as incentives in some states will again be slashed.
While going solar
used to mean a substantial up-front capital investment; national solar provider Energy
has broken down that barrier with the recent introduction of its Zero
Other news for Monday 01 July, 2013
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