, the AER report found that energy retailers were offering customers deals priced above the regulated safety net price.
There was an increase of 11.7 per cent of people joining energy hardship programs offered by retailers in this year alone.Customers on hardship programs consume up to 81 per cent more electricity than average, according to AER analysis, with low-income households paying between 1.2 per cent and 3.7 per cent of their disposable income on electricity costs.
“Many of the debt and hardship metrics and indicators presented in our report may worsen over time because of the impact of rising wholesale gas and electricity prices in 2022.” But there was some upside for energy consumers. While there has been a reduction in discounts as margins were squeezed over the past 12 months, energy customers could still find some savings if they looked around.
BLAME the Labour Party 100%
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy fight looms as Labor plan for gas price firmsThe federal government is taking on the gas industry as it finalises plan to cap prices for domestic commercial and industrial customers at between $11 and $13 per gigajoule and corral the states into similar price caps for coal.
Source: FinancialReview - 🏆 2. / 90 Read more »
JPMorgan called up for Origin Energy dealIt’s Wall Street giant JPMorgan’s turn to get in on the $18.4 billion Origin Energy takeover.
Source: FinancialReview - 🏆 2. / 90 Read more »
Varanus Island gas leak will not impact Western Australia's energy supply, says ministerEnergy Minister Bill Johnston says a gas leak at a pipeline off the coast of Western Australia's Pilbara region, which has reduced output at the Santos-operated Varanus Island facility, will not impact the state's gas supply. And don't forget that there is no environmental damage too, Australian gas is as clean as Australian coal... sorry as clean as air. But of course the energy supply is a major concern Will it affect it though?
Source: abcnews - 🏆 5. / 83 Read more »
Australia, Singapore to pitch green energy pact at regional talksThe first round of in-person negotiations for the US-led Indo-Pacific Economic Framework for Prosperity will be in Brisbane next month.
Source: FinancialReview - 🏆 2. / 90 Read more »
‘Hands off our generators’: Queensland rejects calls to cap coal price to bring down energy billsPremier Annastacia Palaszczuk says she won’t jeopardise state’s ability to give profits from state-owned power generators back to public I mean you can do that if the state still owns stuff 🤷♂️
Source: GuardianAus - 🏆 1. / 98 Read more »
'An extraordinary decision': Energy umpire finds power retailer Synergy unlawfully price-gouged customersThe independent energy umpire finds the government-owned West Australian power provider unlawfully overcharged customers tens of millions of dollars by artificially inflating its prices between 2016 and 2017. Should the story mention which party was in power at the time? Oh where is this robodebt when its needed? $192 million... A government monopoly gouging customers. Has that ever happened before?
Source: abcnews - 🏆 5. / 83 Read more »