Electricity prices increase for consumers

11 Feb 2013

Electricity increases took effect in New South Wales from 1 July this year. In New South Wales the Independent Pricing and Regulatory Tribunal (IPART) announced in Aprilin a preliminary report that electricity charges in NSW would increase from 1 July 2012 by around 16 percent. This was later amended to 18 percent by the final report.

IPART said that price increases were necessary because in recent years, electricity retailers’ costs have increased significantly and are expected to continue to rise in coming years. This is being driven primarily by the continuing rise in electricity network charges and the costs associated with green schemes.

IPART said these costs must be passed on to consumers in the form of increased electricity prices, if the retailers are to remain financially viable.

The final IPART report on the average prices that regulated electricity retailers in NSW can charge small customers states regulated retail electricity prices for the typical household would rise from 1 July 2012 by:

  • $364 per year (20.6 percent) for EnergyAustralia* residential customers
  • $208 per year (11.8percent) for Integral Energy* residential customers
  • $427 per year (19.7 percent)for Country Energy* residential customers

Note that EnergyAustralia is owned by TRUenergy and Integral Energy and Country Energy are owned by Origin Energy.

The New South Wales Government has also stated that electricity prices are rising as a result of the Commonwealth’s Carbon Tax, which it says will increase bills by 8.9 percent, and network charges which will increase bills by 8.4 percent.

Network charges are the costs to maintain the electricity networks (the poles and wires). Other factors are a reduction in generation costs not including the carbon price (-0.8 percent) and an increase in retail costs of one percent.

IPART has found green schemes will consist of approximately $316 on an average household bill. This includes:

  • The Commonwealth’s Carbon Tax ($168)
  • Renewable Energy Targets (small and large scale) ($102)
  • NSW Energy Savings Scheme ($13)
  • NSW Climate Change Levy ($34) to fund the Solar Bonus Scheme

More information is available on IPART’s website at www.ipart.nsw.gov.au.

The NSW Government has introduced a new $75 Family Energy Rebate from 1 July 2012 which will rise to $150 by 1 July 2014. The Low Income Household Rebate also increased to $215 from 1 July 2012.

Those eligible will be able to apply for the Family Energy Rebate as well as the Low Income Household Rebate, however, the combined rebates will be capped at $250 per annum, per household. There are also a range of other measures to help with energy bills. More information about this assistance is available online at www.trade.nsw.gov.au.

Disclaimer: The information provided above is a general guide only and not intended as a substitute for legal advice. The company disclaims all responsibility and all liability for any expenses, losses, damages and costs which might be incurred as a result of the information provided by the company in this article.

Comments

# At 5:26am, July 6, 2015, Jhoni said:
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Just buy one of these small flexible solar cells you can use to cgarhe your mobile phone. It would make a good demo of free energy (as long as you're in sunlight) for your friends and it's a lot smaller than 24 inches. However the technology level is too high for you to build one yourself.I notice other contributers often confuse free energy with perpetual motion . Whist the latter is definitely not on, there is lots of free energy around wind and sunlight are not invoiced by anyone and if you're lucky you might also be able to access a free water flow.EDIT : note to Mr Logic. Human power is rarely free. You have to eat more food if you excercise and food is normally not free.note to Mark V : of course there is free energy nobody will send you a bill for the wind or the sun on the roof of your house. In a sense it's all free there's just not enough easily available to meet humanity's greedy needs without considerable expense to access and process it. You'd better stick to geology.
# At 2:14am, October 14, 2015, Sebastiao said:
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Why should a perosn supplying solar generated electricity only be paid 10c a kw? They have to buy it back at a minimum of 20plus c/kw.Why should someone that went to the expense of putting a system in no be paid there contractual 60c/kw for the life of the original contract?Will they be compensated for digging into there own savings for putting on solar,If the payback price drops?At 60c/kw it will take at least 5years to pay off a system. And that's using REAL Generated data from a 6.3kw system, not the average BS from a sales perosn.A solar system doesn't make the stated amount of power eg a 6kw system doesn't make or generate 6kw/h.Oh and they blame solar generation for the cost of electricity going up..what a crock how much has coal gone up, wages gone up, there 50plus year old power plants ending an overhaul, upgrade or just maintenance Please do you government clowns think we are all so dumb stop lining your pockets or selling the assets of your states and do your job properly.
# At 6:57am, October 18, 2015, Prem said:
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Why should a peosrn supplying solar generated electricity only be paid 10c a kw? They have to buy it back at a minimum of 20plus c/kw.Why should someone that went to the expense of putting a system in no be paid there contractual 60c/kw for the life of the original contract?Will they be compensated for digging into there own savings for putting on solar,If the payback price drops?At 60c/kw it will take at least 5years to pay off a system. And that's using REAL Generated data from a 6.3kw system, not the average BS from a sales peosrn.A solar system doesn't make the stated amount of power eg a 6kw system doesn't make or generate 6kw/h.Oh and they blame solar generation for the cost of electricity going up..what a crock how much has coal gone up, wages gone up, there 50plus year old power plants ending an overhaul, upgrade or just maintenance Please do you government clowns think we are all so dumb stop lining your pockets or selling the assets of your states and do your job properly.
# At 7:03pm, March 29, 2016, Latasha said:
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Your articles are for when it abslyutelo, positively, needs to be understood overnight.
# At 6:49am, August 1, 2016, Linx said:
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mihai spune:nu te supara am si eu un fujitsu simens v5535 si nu imi mai merge usb-ul si cd-rom deloc nici in laptop nu imi mai apar ce trebuie facut in aceasta sitoatie?[] Recoi:optlmbrye 26th, 2011 at 12:10Salut Mihai, in cazul tua este defecta cel mai probabil placa de baza si mai precis un controller de pe ea. Se poate repara dar pentru a face aste va fi nevoie sa mergi la un service ![]

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