Post on June 16th, 2015
According to data from IPART, the Independent Pricing and Regulatory Tribunal, New South Wales residents have seen a 64% increase in electricity prices. The reason behind this cost increase is due to rising prices needed to maintain the Federal Governments’ Carbon Pollution Reduction Scheme and energy networks throughout the state.
Within the next three years, homeowners and business owners in New South Wales can expect to see more electricity price increases ranging from 46% to 64%, depending on where they live and who currently supplies their electricity. The Carbon Pollution Production Scheme from the Federal Government is responsible for at least 40% of the 56% increase in electricity prices in New South Wales.
In 2013, a business owner may see electricity prices rise by $3000. Residential customers in New South Wales could expect the following price increases from electricity distributors:
- Energy Australia – 60% increase of $2421
- Integral Energy – 46% increase of $1660
- Country Energy – 64% increase of $3070
How to Find a Better Electricity Price in Sydney
It is more important than ever before for business owners and homeowners to take charge of their electricity bills and switch to a cheaper electricity retailer before it is too late. It is also essential for business owners to use electricity saving measures to reduce their total energy usage on a monthly and yearly basis.
Residential and business customers can conserve electricity by:
- Reducing electricity use in home and office.
- Reducing the total price of electricity by comparing electricity suppliers to ensure you are getting the best price possible.
Get a Better Deal on Your Electricity Bills
At Electricity Wizard, we do all the hard work for you. When you call us, we’ll compare your rates and plans against our preferred suppliers available in your area and help you select the right plan for you to cut down costs and meet any other criteria you may have. Best of all, our service is completely free – so what do you have to lose?