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Post on June 13th, 2015
Many households and businesses in South Australia have one thing in common: they are paying far too much for standard energy rates and may no longer be able to afford quarterly electricity bills!
If you were shocked the last time that you opened your energy bill, you’re definitely not alone. Thousands of Australians throughout the state are feeling the pinch caused by rising electricity prices and are ready to make the switch by comparing possibly much cheaper electricity suppliers in South Australia.
You can take advantage of potentially much more affordable rates available in your area by comparing and making the switch in a matter of minutes. For more information, call us directly at 1300 359 779 or fill out the form below. One of our expert customer service representatives will provide you with a quick, accurate comparison by comparing apples to apples!
South Australia Electricity Prices Rise: Energy Customers Are Outraged
It’s no secret that power prices in South Australia are on the rise without any sign of relief in sight. Frustrated customers have taken the time to compare electricity suppliers in SA to locate any cheaper rates available in their area in a matter of minutes.
On top of that, customers are taking action against the electricity market regulator in South Australia due to an erroneous review on market price manipulation that ended up costing power customers hundreds of millions of dollars.
A group of industrial energy customers called Major Energy Users has threatened the Australian Energy Market Commission with legal action after a recent review that alleged manipulation of the South Australian wholesale electricity market.
In the review, the AEMC confirmed that wholesale electricity prices in South Australia were exceedingly high from 2007 to 2010; still, the report stated that the extra high prices were only temporary and didn’t reflect the substantial market power of electricity generation networks in the state.
Given the fact that wholesale electricity prices are higher in South Australia than any other state, the Major Energy Users group is pushing for the Australian Energy Regulator to determine which electricity generators in each region and the nation are dominant enough to influence prices during peak-demand periods of electricity usage.
As a result, when regional demand exceeds the set level of a “dominant generator”, the energy operator must then offer electricity output at less than the established wholesale price cap of $300 per megawatt hour. This change in regulation will decrease pressure on wholesale electricity prices in the hopes of lowering costly household electricity bills.
Customers on the lookout for cheaper electricity suppliers in SA can start by comparing to find a better deal for them and to make the switch today! In just minutes, you could potentially reduce annual power bills by substantial sums.
How to Compare Electricity Providers
ElectricityWizard allows you to quickly and conveniently compare electricity providers and plans in your area. One of our trained specialists can help you find many great available rates and options in your service region so that you can choose a plan that better meets your needs. We are here to help you save a bundle.
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