Electricity Company New South Wales
Post on June 13th, 2015
Yes, you have the opportunity to find a cheaper electricity company in New South Wales to save money on your annual power bills. With the use of a simple, convenient, and accurate electricity comparison service, ElectricityWizard will provide you with many competitive rates from leading electricity retailers near you. If you find the right one for you, then you could reduce your total energy costs by hundreds of dollars per year.
To find more information about some exclusive savings on rising electricity prices in NSW, simply input your information in the form below or call us at 1300 763 849 to pursue the saving of money today!
Understanding Rising Electricity Prices in NSW
According to the NSW Government, electricity price increases are understandably causing financial strain to households throughout the state. This is why the NSW Government plans to increase the amount of the Low Income Household Rebate as of July 2012 and introduce a new Family Energy Rebate to provide households on a low or fixed income with financial assistance to pay for ever-increasing power prices.
In New South Wales, the Independent Pricing and Regulatory Tribunal is responsible for regulating retail electricity prices for homes and businesses until at least 2013. The total cost of electricity charged on each quarterly bill is an accumulation of:
- Wholesale costs
- Retail costs
- Network costs
- Green schemes
Additionally, the network charges to maintain poles and wires throughout the state, which are regulated by the Australian Energy Regulator, are added into the final pricing structure set in place by IPART.
Although IPART regulates the electricity market to increase the efficiency of the electricity supply delivered to customers to keep costs down, there are other factors that continue to cause electricity prices to rise:
Commonwealth Carbon Tax – Increases electricity bills by 9%.
Network Electricity Charges – Increase electricity bills by 8%.
If a customer in New South Wales has a standard market contract, they will be charged a regulated price. However, customers in NSW are given the opportunity to choose between:
- A standard market contract for electricity and gas.
- Selection of their own electricity retailer at a more affordable rate.
Thanks to this freedom of choice, customers have the power to potentially choose a cheaper electricity company in NSW to reduce their annual power bills. This is one of the only ways that customers in New South Wales can cope with expensive electricity prices that only continue to rise year after year.
To seek out quick savings on expensive electricity prices in NSW, you can compare through an assortment of local electricity retailers today. ElectricityWizard will do all the hard work for you to provide you with a quick, accurate electricity comparison to help you find a cheaper electricity retailer in just minutes!
How to Compare Electricity Providers
ElectricityWizard allows you to quickly and conveniently compare through an assortment of electricity providers and plans in your area. One of our trained specialists can help you find a wealth of great available rates and options in your service region so that you can choose a plan that better meets your needs.
Try us today! Call Electricity Wizard now on 1300 359 779 or fill out your details below to have one of our comparison specialists help you get a better deal on your energy bills starting today!