RAJ REPORT

A Labor Government will have to keep electricity prices high to pay for election promises and Ergon profits—– Will the national electricity regulator force prices down like in NSW—–Queenslanders struggling as power bills take large bite out of household budget | The Courier-Mail—————NSW power bills will fall 10 per cent after the Australian Energy Regulator ruled that the state’s government-owned network companies can’t profit from their higher cost levels compared with more efficient privatised networks in Victoria and South Australia.—FINANCIAL REVIEW

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Electricity was also named as the most concerning household cost by 30 per cent of people and two-thirds said they had managed to reduce consumption to save.

But Queenslanders are less motivated than other Australians to actively shop around to find the best bargains.

“Although half of Queenslanders have compared prices from different energy providers, that is less than the national average of 57 per cent and significantly less than Victoria where 66 per cent have actively looked to switch,’’ Mr Downes said.

Mr Downes said it might be because big bills were concentrated around the peak summer months here due to air-conditioning. “People might get annoyed at the size of the bill, but the next one is smaller again so the motivation to switch wanes.

 

 

 

Queenslanders struggling as power bills take large bite out of household budget | The Courier-Mail.

 

NSW power bills will fall 10 per cent after the Australian Energy Regulator ruled that the state’s government-owned network companies can’t profit from their higher cost levels compared with more efficient privatised networks in Victoria and South Australia.

By reducing revenue for the NSW power network companies by about $7.6 billion over four years, the ruling threatens the Baird government’s plan to raise $13 billion by partially ­privatising them.

But it also hits a scare campaign by power industry unions and the NSW Labor opposition that private ownership would lead to higher power bills.

The AER price determination and a separate benchmarking report showed that “privatised electricity ­networks are more efficient and deliver lower prices to consumers’’ according to the ­Business Council of Australia. In a move with ramifications for power prices around Australia, the AER ruled that five electricity networks and one gas company in NSW will have to make a big price cuts from July.

AER chairman Paula Conboy said electricity prices for an average NSW household would fall next year by $219 and by $360 for an average small business, which is more than before the carbon tax was scrapped.

 

 

Regulator slashes NSW power prices by 10pc

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