Canberra electricity bills rise while the rest of Australia pays less for electricity | Canberra Times

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The electricity bills in ACT are expected to increase by $ 77 over the next three years, while bills will fall by the same amount nationwide. The Australian Energy Market Commission’s report on electricity price trends for homes showed that electricity prices would rise in the ACT by $ 222 between 2021-22 and 2022-23 before falling by $ 145 in 2023-24. The increase in ACT will be driven by rising wholesale costs and the cost of large-scale feed-in tariff schemes in the area. The average annual electricity bill in ACT is expected to be $ 2004 in 2020-21, $ 2103 in 2021-22, $ 2226 in 2022-23 and fall again to $ 2081 in 2023-24. Meanwhile, cheaper renewable energy is expected to flow to consumers nationally, which will mean the average Australian electricity bill will be $ 77 less in 2024. National electricity prices will be below 26c per kilowatt hour in June 2024, the lowest level since 2016-17, said Commission report. Commission President Anna Collyer said 28.7 percent of ACT’s electricity consumers were still on standing offer with their electricity providers, meaning there were potential savings available to households. “In fact, they could save up to $ 284 a year on their energy bill,” Ms Collyer said. Wholesale electricity costs in ACT are expected to increase by 8 percent over the next three years, while grid costs will increase by 19 percent. ACT is the only jurisdiction that is expected to see a price increase over the next three years. In the Commission’s report, prices are based on what it describes as the most common ACT consumer: a two- to three-person household with electric gas and electric water heating on the regulated standing electricity supply. “Actual prices will depend on how and when electricity is used in each home and what type of energy supply they are on,” the commission said. ACT Energy Minister Shane Rattenbury said electricity price increases were never welcome news, but ACT prices would remain comparable to other states and territories. MORE ACT POLITIC NEWS: “There are many ways we can help reduce our energy bills. Improving energy efficiency is a great way to reduce energy bills. By installing insulation, draft-proof doors and windows or replacing inefficient appliances, you may be able to save money and make your home more comfortable, “Rattenbury said. Rattenbury said the ACT’s Better Bills Code, which began on October 1, would force retailers to provide transparent advice on offers to consumers. “For some households, this increase will not make a noticeable difference in their annual costs, but for others it will. The ACT government offers a range of support measures to households struggling with energy costs,” he said. Evoenergy pointed to ACT’s renewable energy and taxes in April as it tried to raise its electricity bill by up to $ 300 a year. The energy distributor said it was seeking the “significant increase” due to a sharp increase in jurisdiction fees paid by Evoenergy as a result of the territory’s government target of 100 percent renewable energy. Grid and jurisdiction fees make up roughly 40 percent of the total energy bill for consumers. The ACT Independent Competition and Regulation Commission ruled in May that ACT electricity prices could rise by up to 11.95 per cent, which is lower than the increase proposed by Evoenergy. The Commission said higher transmission and distribution costs and the cost of the ACT Government’s large-scale feed-in tariff also contributed to the increase. To ease the pressure on about 31,000 low-income households, the ACT government will spend nearly $ 10 million on concessions over the next four years. Rattenbury said there was a $ 750-a-year supply concession for eligible households, and $ 100 supply coupons would be issued to eligible customers. “The ACT government is also providing an additional $ 250 rebate to eligible households for 2021-22, bringing the total payment for $ 2021-22 to $ 1,000 … And we have funded an energy competency program to enable community groups to help “members of society with better navigation. the complex issue of energy prices and energy efficiency,” he said. Our journalists work hard to deliver local, up-to-date news to the local community. Here’s how you can continue to access our trusted content:

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