The Australian Energy Regulator on Thursday released its default market offer , which limits the price retailers can charge residential and small businesses customers on default contracts in NSW, South-East Queensland and South Australia.Mark Piovesan
AER said an average customer on a so-called "standing offer" contract would save $109 in South Australia and $62 in South-East Queensland in 2020-21. In NSW, prices would be between $3 higher and $9 lower. Victoria sets a default market offer independent of other states and its latest round, in January, increased average annual household bills by $100.
An average business customer will save up to $131 in NSW depending on their region, $265 in South-East Queensland and $815 in SA.Energy Minister Angus Taylor said the price falls were especially welcome news during the coronavirus pandemic. At a time when many people have lost jobs or had their hours or pay reduced, consumer advocates have warned householders tofor bill shock as social distancing restrictions keep them home more often, increasing their power use.
The electricity price is linked to the gas price, which has been falling in recent months alongside the global price of crude oil. Oil has been driven down by a
p_hannam micksfoley Yeah right still waiting for the savings promised by modern renewables since 1990 They struggle to keep up with energy demand growth let alone increase energy market share
p_hannam micksfoley So how is 'plummeting global energy demand' going to affect Australian electricity generation? Winter is here. Seems to me we'll be sitting at home with heaters on.
p_hannam micksfoley So why a graphic showing $300+
p_hannam micksfoley At best, $27.25 a quarter. - hours pay - 2 cheap pizzas - half decent bottle of wine - a counter parmy on Tuesday - movie ticket - 1.5 months of Netflix Generous bastards.
p_hannam micksfoley $100...FML...
p_hannam micksfoley Gas for domestic supply in Australia is a giant FRAUD. * Overpriced to buggery. * Too little pressure to run a domestic gas oven or heater!
p_hannam micksfoley ooo i like to save money
p_hannam micksfoley That should offset the highest gas prices in the world by ... 15%.