The government reference price is often thought of as a price cap, but technically, it’s not – retailers can move you to a higher price if they notify you first.reveals that at four out of 31 retailers in Victoria, the median electricity offer is now higher than the Victorian government reference price. For another nine retailers, it’s equal to that price. So only 20 providers have a median offer that is below the government price.
Fortunately, hundreds of thousands of households have got the message, with almost 7000 homes a day switching providers since June to avoid the worst price increases. For those who haven’t, spring bills could contain a double whammy of winter heating costs and much higher rates. “Looking beyond 2022–23, it is difficult to forecast retail costs, but they are expected to remain relatively high over the next two years,” says the Australian Energy Regulator. High inflation, interest rates, coal closures, and the costs of new renewables and transmission will flow through to us, the end users.
joelgibson My electricity bill is $380, time to go to bed soon after dinner.
joelgibson Oh and people cannot afford rent. Solar is the last thing on their minds.
joelgibson People who live in appartments and that's most of the people cannot go solar.
joelgibson so what part of the energy supply required this price gouge...........free market at work
joelgibson Don't touch my gas, it's the only way to cook food properly!
joelgibson Albo promised bills will come down by $275. Albo would never lie.