Energy bills to rise as major retailers announce price hike
www.abc.net.au
Two major energy retailers announced prices will rise in the coming months, adding hundreds of dollars to the annual average bill.

What good are interest rate rises to fight inflation when these mugs slap 20% on to your home & small business power bill?

  • JayPensharEnglish
    6·
    2 years ago

    Being renters it means we don’t have options to install solar or insulation. It sucks.

  • ParadoxvoidEnglish
    6·
    2 years ago

    And they keep saying it’s wage increases that are driving inflation…

  • NightSicarius 🇦🇺English
    5·
    2 years ago

    Batteries are looking more and more attractive. Hopefully they have a bit of a price dip soon and I might jump on the bandwagon.

    I don’t like to think what our electricity bills would look like if we hadn’t installed solar 3 years ago.

    • joelfromausEnglish
      3·
      2 years ago

      This is my mindset as well. I went with the biggest PV system I could about 6 years ago, if I were installing one now I’d spend the budget on a battery and a smaller system to suit. A lot of my energy is sent to the grid at 8c/kw, the last quarter I produced 3x more than I used and still received a $300 bill. I’d rather produce a bit less and capture the excess during the day while I’m not home.

  • jarrod@lemmy.oneEnglish
    5·
    2 years ago

    I love that Tassie only has one power provider essentially, and we are basically only renewable energy and some good we are still getting price rises

  • Lemmy_C_ThatEnglish
    5·
    2 years ago

    Not looking forward to this. Going to have to jump on to one of those compare websites after July 1 see if I can get a better deal

  • Arbition@partizle.comEnglish
    2·
    2 years ago

    At least power prices are only $2000 a year or so, Rental price and interest rate hikes are going to hit a fair bit harder. But yeah, it’s still contributing to inflation, because everything is going up, and then corpos will use this as justification to raise their prices even further. Wonder how much of this is because of the fuel price spikes mid last year.

    I am on Amber, and yeah we got to directly feel the brunt of it. Other providers absorbed the cost in the short term, to raise their prices in the long term to recoup. The prices on amber are looking a bit more sane these days, but it’s still a roller coaster so I wouldn’t recommend it unless you want to actually keep an eye on power prices as you’re using it. fwiw I’m in SA, which is a little different to the markets in the rest of the NEM. No coal baseload here, coal power is only what comes down the interstate lines.