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Our Green Energy Future? Australians to be Hit with Shock Electricity Price Rises
1 day agoEric Worral
Essay by Eric Worrall
As our new Prime Minister’s grand green energy transformation plan falls flat, ordinary Australians are feeling the pain of politically motivated lack of investment in dispatchable energy infrastructure.
Millions of Australians to be hit with energy bill price hikes
Major energy retailers are expected to increase prices as early as Friday. Find out if you’ll be affected here.
Millions of customers across large parts of Australia’s eastern states are about to be hit with huge hikes to power bills as price increases approved by the regulator kick in from Friday.
In May, the Australian Energy Regulator (AER) announced it would be raising the default market offer (DMO) – or the price providers are allowed to charge their customers – with the changes coming into effect from July 1.
The hikes mean Queenslanders could see an increase of up to 12.6 per cent, while those in NSW could see up to 18.3 per cent and 9.5 per cent in South Australia.
From August 1, one of the country’s biggest retailers, AGL, will slug NSW electricity customers close to 18 per cent, likely to lead to many households paying annual increase of hundreds of dollars.
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The prices of some smaller energy companies are also set to soar after July 1, with ReAmped and LPE increasing their prices by 100 per cent, while Discover Energy will increase by 285 per cent and GloBird by 147 per cent.
Taylor Blackburn from Finder told 7NEWS these smaller companies are hiking their prices in a bid to lose customers.
“We’ve seen a lot of smaller providers actually beg their customers to go somewhere else and to shop around,” he said.
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Read more: Millions of Australians to be hit with energy bill price hikes
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Our Green Energy Future? Australians to be Hit with Shock Electricity Price Rises
As our new Prime Minister’s grand green energy transformation plan falls flat, ordinary Australians are feeling the pain of politically motivated lack of investment in dispatchable energy inf…
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Yeah I'm sure or won't happen here ........wait