Slap in the Face!

TASMANIANS will pay about $20 more for their power for at least the next six months.

A 1.8 per cent increase in electricity bills for the last half of 2013 was yesterday approved by the Tasmanian Economic Regulator, adding about $20 to the average $2300 annual bill.

The rise comes a fortnight after Premier Lara Giddings flagged power price cuts of 1-2 per cent under retail competition next year.

“We believe that we should be able to see energy prices come down in this state by at least 1 per cent,” Ms Giddings said.

The regulator’s approval of the latest increase in Aurora Energy’s electricity charges comes as the Government moves to sell Aurora’s customer base and introduce full retail competition.

Prices have more than doubled since 2000.

The latest increase applies to all residential customers and some small businesses.

Regulator chairman Glen Appleyard said the rise was to cover movements in the consumer price index.

“Renewable energy costs were higher than expected due to increases in the number of certificates the Clean Energy Regulator required retailers to purchase or create,” he said.

He said the determination allowed the price regulations to continue until new arrangements were introduced.

Mr Appleyard said that ordinarily the regulator would have been required to set prices for a 12-month period but in this case it is just for the six months.

“After that date, all residential and some small business customers will have the option of entering into a market contract with one of the retailers who are successful in purchasing Aurora’s retail customers,” he said.

Mr Appleyard said that under the reforms the regulator would determine standing offer prices that apply from January 1 next year.

Sourced from The Mercury

Well this has to be a last ditch cash grab before opening up retail competition right? I mean it was only last week we were being told that power costs were to be going down! This is a confusing message to the people, You can’t say here it’s going to be cheaper but then slug an increase within a week. I’d say the CEO of Aurora must be due a new flash high market sports car for sucking what money there is left in Aurora before the customer base is sold off to whoever buys it.

This is a slap in the face yet AGAIN! šŸ˜

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