Energy Bills On The Rise
Posted by Big Gav
The SMH reports that electricity price rises will be even steeper next year, jumping from 7.5% to 19% - Energy bills rising to help us keep our cool. On the plus side, every time the price rises all forms of clean energy supply become more competitive.
THE average household electricity bill may be 15 per cent bigger next year, after the Australian Energy Regulator gave preliminary approval yesterday to another round of price rises.
NSW electricity retailers had already received permission to raise prices by as much as 10 per cent next July. In a draft decision yesterday, the regulator said they could raise fees for the network component of the bill too.
Under the change, EnergyAustralia, which mostly supplies households in central Sydney, the Central Coast and the Hunter, said the average bill would rise $2 a week. Integral Energy, which services western Sydney, the Southern Highlands and the Illawarra, could charge an additional $1.70 a week, and customers of Country Energy, in rural NSW, would pay an extra $1.96 a week on average.
The rises come on top of increases of almost 10 per cent for 2009-10 already granted by the state's Independent Pricing and Regulatory Tribunal for the retail portion of electricity bills.
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