Yet Another Electricity Rise

ELECTRICITY prices will rise by 10.56 per cent from July 1, following a decision by the Tasmanian Economic Regulator.

The rise equates to about $232 on the average $2200 annual bill for each of Aurora Energy’s residential customers.

Chairman of the Tasmanian Economic Regulator Glenn Appleyard said higher-than-forecast network charges, higher-than-forecast costs of complying with the Australian Government’s renewable energy schemes and higher rates of inflation are the main reasons for the price increase being more than the 8.71 per cent increase forecast in 2010.

Rises were smaller than the 26 per cent which was anticipated earlier this year.

The carbon tax was estimated to have comprised 5.6 per cent of the rise.

In the Budget the State Government spent $37 million to restrict the previously anticipated rises by about $200 per household.

In May an Australian Energy Regulator determination restricted Aurora to an 11.5 per cent increase in revenue for 2012-17 period, which itself had the effect of cutting bills by$74 per household.

Sourced from The Mercury

So yet again Tasmanians get yet another cash grab from Aurora. However this time under the guise of Carbon Tax! So Energy Regular how can you justify such a move? and of course for the Tasmanian government do you even remember that election promise of capped electricity rise of no more than 5% 🙁

Posted from WordPress for Android

1 thought on “Yet Another Electricity Rise”

  1. That’s sad. I wish they could remember the promises they made before elections. But on the other hand, i guess they are going to overcharge for a reason. I am not sure but things may change in future.

Comments are closed.

%d bloggers like this: