According to the Australian Energy Commission, Electric Bill Will Go Up to $78

Jon Capistrano
Jon Capistrano
December 22, 2016

The imminent closure of the Hazelwood power station in Victoria could add an extra $78 to eastern household power bills, according to the Australian Energy market Commission (AEMC) as reported by ABC News.

John Pierce, AEMC chairman pointed to the Federal Government’s renewable energy target and the Hazelwood shut down as the reasons for the price hike.

However, the national rise in electricity bills is reduced to $40 on average once new wind farms and changes to the network regulations are included in the equation. The closure of Hazelwood also adds $204 in Tasmania’s average price tag and $99 in Victoria.

Thus, this means that the coal plant’s closure has had flow-on effects on Tasmania, but has been offset by the low cost of building, operating and maintaining the electricity network.

Queensland and Tasmania are the only two Australian states that have not increased power rates since June. The ACT will have the biggest price hike with an increase of 9.3%.

Between 2016/17, the total average electricity bill for the year is estimated to be at $1,353 which is a 4.4% increase from the year before.

Click here to read the full story on ABC News

Featured Image Credit: Karim D. Ghantous

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin

Trending Posts

EMF, EMR, and Residential Rooftop Solar Systems

EMF, EMR, and Residential Rooftop Solar Systems

The story of the solar power sector’s growth is incredible – but not always accurate. We live in an era where there’s a lot of ‘fake news’ swirling around, and it can make public discourse very tense. Stating this fact – and that it’s obvious – doesn’t seek to enhance the distance between differing viewpoints. In fact, it’s seeking to do the opposite.