Electricity Suppliers Victoria
Post on June 13th, 2015
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Federal Carbon Tax Causes Electricity Suppliers in VIC to Increase Power Prices
As the federal carbon tax was introduced in July 2012, it impacted all states in Australia, especially when it came to higher annual power bills. In light of the fact that Australians saw a spike in cost of living in 2011 after natural disasters affected the food supply in the nation, the average family may now find it more difficult than ever before to afford basic necessities.
Although the federal carbon tax won’t be deducted from customers’ weekly pay packets, it will come out of household incomes as a new study confirms that living expenses in Australia will increase yet again by $9.10 a week on average.
As for already costly electricity bills, they are expected to rise even further by up to 10%, totalling to $3.20 per week for the average residence. In addition to the new carbon price, electricity suppliers in Victoria and other states point the finger at further expenses needed to build new electricity infrastructures to support the booming demand for power nationwide.
But the fun doesn’t stop there… Customers can anticipate other price increases triggered by the carbon tax that will affect the cost of living, like paying $1.20 more per week for the average grocery bill – including $.14 more for fruits and vegetables and $.02 more for a litre of milk and a loaf of bread.
The Government does plan to provide households in Australia with financial assistance to ease the burden through both compensation and tax breaks; this may outweigh the increase in cost of living in some cases to provide a slightly higher income for certain households.
Although little can be done about rising electricity prices caused by the federal carbon tax state to state, customers can take matters into their own hands to compare electricity suppliers in VIC. This is your opportunity to compare leading electricity retailers and to take advantage of possible lower rates available in your area. With us, with one quick call you could potentially save a great deal of your hard earned money each year. Call us to make the switch today!
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