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Jun 30 2017

Electricity Price Changes July 2017

The Increase in Electricity Costs in Australia July 2017

Are you reading about the massive rate rises for Electricity costs from 1st July 2017?

One energy expert has been quoted as saying “Consumers on the eastern seaboard could see retail electricity prices rise by as much as 30 per cent“.

But what is the real Electricity rise in your area?

I checked mine after worrying about that 30%, and found it was a lot less than I was thinking.

The chart below shows the rise in the unit cost per kWh and the reduction in the daily charge.
Electricity Costs in Australia July 2017

My average usage is around 1,000 kWh per quarter.

The quarterly bill for 1,000 kWh over 91 days will rise from $372.45 to $383.91, a rise of 3.08%

If my usage was double my actual, the bills would change from:
A quarterly bill for 2,000 kWh over 91 days would rise from $628.31 to $653.52, a rise of 4.01%

If I trimmed my use by 50%, by using advised power saving methods, it could be:
A quarterly bill for 500 kWh over 91 days would rise from $244.52 to $249.11, a rise of 1.88%

It made me wonder what the bill would be if I used no Electricity
A quarterly bill for ZERO kWh over 91 days would DROP from $116.59 to $114.30, a reduction of 1.96%

Have YOU checked what your energy supplier is changing the rates to?

 

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1 comment

1 ping

  1. Admin

    The price change in 2017 may be low with just a 3% rise, but the average rise since 2011 has been higher, especially for the higher power users.

    For example, using an actual bill for the consumption of 2,935 kWh in one quarter:
    In 2011, the bill was $579.45, or $6.37 per day.
    In 2017, the cost for 2,935 kWh in a quarter would be $905.61 or $9.95 per day

    This is an average annual increase of 7.725% during the years between 2011 and 2017.

    If 2011 was compared to 2016, the figures would be:
    In 2011, the bill was $579.45, or $6.37 per day.
    In 2016, the cost for 2,935 kWh in a quarter would be $867.53 or $9.53 per day

    This is an average annual increase of 8.406% during the years between 2011 and 2017.

    So the lower rise in 2017 has brought the total average rise down in 2017.

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