If you’ve just crawled out from under a rock you’d be right for thinking that electricity costs have skyrocketed in Australia over the past several years. Why is this happening you may ask?
In Victoria for example, when good ol Jeff Kennett privatised the electricty Industry back in his heyday as Victoria’s premier, he effectively unleashed a lion which is still running wild jacking up costs in an industry that is no longer regulated by the Government. So aside from this, there’s been an increase in plant operational costs along with the costs involved with renewable energy initiatives and the introduction of Brumby’s parting gift, the smart meter.
E.G. From the end of 2007 electricity prices for a typical Melbourne home increased 54%, water by 62% and gas by 28%
People are absolutely fed up with the exorbitant rises in their energy costs and although Premiers such as ‘Ted Baillieu’ are promising to bring concessions, I wouldn’t be holding my breath that the ‘average’ Australian family will see anything, regardless of which state or territory you live in. Such as the case with the big four Banks of Australia, you can do something about it (to an extent anyway), switch providers!
Compare your Energy costs right here at Youcompare and if you think you can get a better deal, switch your energy provider today!
Read more at SMH: Power bills a shocker
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