Power surge to price surge: prepare for an expensive education, says expert  

Posted by Big Gav in ,

The Age has a look at spiralling power prices in Victoria and the need for smart meters to provide detailed price data to consumers to help them keep costs under control - Power surge to price surge: prepare for an expensive education, says expert.

VICTORIANS need to urgently educate themselves about the looming surge in electricity prices this year, or face bills so high many will struggle to pay them, the chief of an energy price comparison service says.

Power use surged yesterday, after temperatures in Melbourne hit 39.6 degrees at 6pm. Today the temperature is forecast to hit 35 degrees, after an overnight low of 24.

The spike in electricity use followed power prices in Victoria jumping on New Year's Day, by an average 10 per cent.

Much of this increase was on the charge to consumers for simply being connected to the grid - meaning users will now pay more regardless of whether they cut their power use or not.

The new tax, combined with mandatory renewable energy targets and chronic under-investment by power companies in infrastructure, will cause prices to rise further across Australia. ''We are looking at the doubling of the cost of power in five years' time,'' Mr Freund said. ''At that point people will start getting into serious hardship.'' ...

Also likely to have an impact on future electricity price rises will be the introduction of smart meters to every home in Victoria, which will measure energy consumption every 30 minutes, rather than every three months.

The new meters will allow for time-of-use tariffs to be charged, allowing energy retailers to charge more for using electricity at times when everyone wants to use their power, and less at low-demand times.

Energy Minister Michael O'Brien has guaranteed this new way of charging will not happen until next year, and that those who wish to stay on fixed charges will be able to do so. But Victorian Greens MP Greg Barber warned that anyone who had considered the $2.3 billion smart meter rollout a ripoff so far needed to be aware of what was coming. "You can't put people on time-of-use pricing unless they've got instantaneous access to information about how much they'll be paying for the power they are using,'' he said.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (607) global warming (395) solar power (377) peak oil (343) renewable energy (256) electric vehicles (222) wind power (184) ocean energy (163) csp (157) geothermal energy (144) solar thermal power (144) smart grids (139) tidal power (137) coal seam gas (130) oil (130) solar pv (127) nuclear power (126) energy storage (125) lng (116) china (113) geothermal power (112) iraq (112) green buildings (109) natural gas (108) agriculture (88) oil price (79) biofuel (78) smart meters (72) wave power (71) uk (68) electricity grid (67) coal (63) energy efficiency (63) google (57) bicycle (51) internet (51) shale gas (49) surveillance (49) food prices (48) big brother (47) thin film solar (42) canada (40) biomimicry (39) scotland (38) ocean power (37) politics (37) shale oil (37) tesla (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) arctic ice (29) population (29) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) limits to growth (22) coal to liquids (20) distributed manufacturing (20) indonesia (20) iraq oil law (20) lithium (20) origin energy (20) brightsource (19) buckminster fuller (19) rail transport (19) ultracapacitor (19) exxon (18) santos (18) ausra (17) michael klare (17) atlantis (16) cellulosic ethanol (16) collapse (16) electric bikes (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) psychology (15) brazil (14) fertiliser (14) lithium ion batteries (14) al gore (13) ambient energy (13) biodiesel (13) bucky fuller (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) toyota (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) tinfoil (10) volt (10) afghanistan (9) alaska (9) antarctica (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) arrow energy (8) big oil (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)