Anyone receive news of a rates increase?
My daily supply charge for electricity went up from $0.726 to $0.825, more than 10% increase!
kWh went up ~ 8%
Gas increase is relatively low, 2-5% from the top of my head.
AFAIK the government approved a 1.5% increase, not 10%!
Anyone else in the same boat?
What state are you in? Which provider are you with?
In NSW (where I live), prices have been unregulated since 2014. We just moved to EnergyAustralia from AGL after a similar price increase (from 1st July too).
NSW and Energy Australia. Was originally with AGL but then got cold called to move to EA and after comparing the rates.
Yep change companies if you get a better deal.
The price rises have been in the news. Seems there isn't much we can do.
http://www.smh.com.au/business/energy/agl-to-hike-power-char…
Will switch if I can work out if there's a leaving fee.
Actually that's AGL paying for the widespread mess they made trying to turn the water table in NSW permanently poisonous. There are huge write-downs after selling off a number of poor projects, mining licenses in the Manning Valley and so on to the Chinese and other bidders that don't have a major brand to protect (LOL!)
Let alone making customers pay before any board-members end up having to.
The OP was talking about the prices rising in their local area.
Yep, will be looking for a new supplier when all the rate come in and are able to be adequately compared. (I'm with EnergyAustralia)
My electricity usage rate went up 10%, supply charge down 8%.
Gas usage and supply down about 4% (first time ever?)
AGL SEQLD.
Rates going unregulated on July 1.
They are all the same. Price is very similar even through they may have higher discount rate. They may have higher pay on time discount but they have a higher base rate, if you are not paying on time it will be bigger bite.
The service fee is a joke, if you are not using it for a long while i.e. going on a long vacation you still need to play daily service fee.Which I don't know why they cant put this cost into their energy usage.
The only reason I switch is to get their welcome credit or 1 month fee.
There is also going to be some sneaky fee for receiving a Paper Account (unless you opt out).
http://www.news.com.au/finance/money/budgeting/energy-austra…
💩💩💩 DEREGULATION WILL LEAD TO LOWER PRICES 💩💩💩
Rates for SA with Lumo in case anyone is interested (receive a 15% early bird discount on top of this). Interested to hear how others compare, about a 12% increase on peak and off peak rates (although it did just drop in Jan), service to property is pretty much the same.:
Effective 1 July 2016
Early Bird Discount 15%
Excluding GST Including GST
Service To Property ($/Day) 0.7723 0.84953
Anytime: First 3.28 kWh/day ($/kWh) 0.3077 0.33847
Anytime: Next 7.67 kWh/day ($/kWh) 0.3131 0.34441
Anytime: Next 16.44 kWh/day ($/kWh) 0.3422 0.37642
Anytime: Remaining kWhs ($/kWh) 0.3618 0.39798
Off Peak HW ($/kWh) 0.136 0.1496
I wouldn't consider them because of the 4 tariffs.
The only reason they structured your contract like this is it makes it very difficult to compare to any other provider. And you played along.
I understand what you are saying, however most only use the first 2 tariffs rates (up to ~1000kWh / quarter) which are almost identical rates anyway so it's easy to work out at a glance but it's not very difficult to work out exactly with a calculator and 1 minute of time (putting your usage stats into calculator with competitor rates and seeing what works out best).
I'm also with Lumo in SA. It is worth noting that Lumo apply the 15% discount over the entire bill, not just usage. For anyone with solar power, the discount is applied before they credit the account with what you have generated.
I've done calculations against a few other suppliers and Lumo still work out cheaper.
One more thing to note is that if you find a better price they will either match it or allow you to leave without any early termination fees.
It's the last of the stepped changes that bring all the supply areas in NSW into pricing parity. So now, everyone pays the same or their electrons (at least I think that is the idea).
So like me you are in the last of the supply areas brought up to the price the rest of the state pays. It was good while it lasted, eh?
Time to look for the best deal you can get. Origin, perhaps?
Your life is going to be measurebly worse off from here on in because politicians sold you out to a few very wealthy people.
Are you going to listen to the confirmed liars this time or look at their past actions which is all that counts when it comes to vote. My recommendation is don't vote for any major party because Australia's system is broken to the point that we effectively live in an oligarchy. A vote for any major party is a vote for the system to keep going.
Hmmm. I doubt there are that many OzBargainers falling for the processed grass that comes out of the mouthpieces paid to manipulate regulation in the interests of our Richers and Betters…
Mine went down earlier this year.
I freaking love Momentum Energy!
Perhaps not surprisingly there was no mention of an increase in the solar feed in tariff.
Here is sunny NQ, we have no choices in electricity suppliers except for the State Government owned Ergon Energy. I call them the inventors, whenever the AER (Aus Energy Regulator) forces them to lower the tariff prices, they invent a new fee. The latest meter reading fee is now over $22.02. The Grid maintanance/infrastructure fee is now $1.07/day. Their main domestic tafiff is 24.46 cents per KWH including GST. No discounts for prompt payment and they are tough on disconnections with large increases of these, since huge tariff price rises over last 10 years.
Ouch. Well who knows if the price will decrease if it were deregulated according to a previous poster.
yes mine went up to with Energy Australia, im going to check other provider
We've been with Origin for over 8 years! Just looked at our history and noted these:
When we first signed up they gave magazines for a year. Then we signed up for Direct Debit few years ago and got 1% discount. Had that for a year and discount stopped.
Rang them yesterday and they offered 10% discount for DD!
Moral of the story: ring them every year!
For NSW
Or just go to their website, and resign with there standard maximiser, 12month non locked in contract to get 15% off usage
Red Energy and Simply Energy rates are 10-15% lower with higher discounts, their reviews are scary bad though when you google it… then again Red Energy won one of those energy compare sites award.
Just moved to AGL and got discount 18% usage charges, and $75 credit plus 10000 Flybuys points
I hope you're not NSW,
AGL has the highest rates by far, from reading above it looks like they're trying to recoup bad investment choices.
Safest bet is Origin Energy
Cheapest is Simply Energy and then Red Energy
just going to get the credit and bonus points then after 3 months i'll switch, will try Dodo
Is this just electricity or electricity and gas?
i'm with dodo and after crunching the numbers my total bill appears to go down slightly
for me in qld, agl's new market rates results in an lower bill overall, better than dodo. but it is little compensation after years of meteoric price increases.
Bloody hell, makes the prices we pay in WA seem incredibly cheap compared to the rest of the country, where privatisation was meant to be cheaper for consumers, isn't that what all governments try and claim?
For comparison, Synergy's (the state government run retail arm for the South West Interconnected System) rates from July 1st are:
Supply charge 48.5989 cents per day
Supply charge: additional homes^ 37.7348 cents per day
Electricity charge 26.4740 cents per unit
These are all GST inclusive. The day they try and privatise Western Power/Synergy over here will be a very sad day for us here. Can't believe how much you guys get ripped off over east.
26.474 c per unit is about the same but the supply charge is very low. If the cost of maintaining the grid in WA can be less than half the cost in North Qld ($1.1740/day, then I think someone has got their accounting very wrong.
Enjoy your cheap electricity while you can.
It use to be a hell of a lot cheaper as well! It has had some massive increases over the last 5-6 years or so from what I can p remember, but is still much cheaper than (most of) over east
Yeah I still can't believe how high these daily supply charges are that people are quoting. Blows my mind that that is allowed to happen.
And how hard so many make it to see the rates they charge;
Weasel-worded forms, discounts, ex or inc (or unclear) GST, avoid sign up now offers everywhere until you can eventaully dig out a fineprint-laden pdf that is not specific to the information demanded about your postcode. Once it loads (with or without malware), you find a complicated table of rates with industry and organisation-specific acronyms that at least a few of which are ambiguous and unexplained.
Best I found was Red Energy (NSW-Ausgrid) but like most, you have to agree to Direct Debit and other abuses of their friendship to get a discount applied.
seems like origin is more expensive than EA.
Origin - Daily Supply Charge - 86.350 - http://bit.ly/29LFYoF
EA - DSC - $ 0.79200000
For SE QLD which just deregulated the retail market
Click energy are a rip off now
The off peak rate went from 15c per kWh to 21c.
Daily supply charge $1.53
The all day tarrif is at the high end of normal at 28c per kwh
All in all, I'll be leaving soon as I can be bothered to open my laptop and fill out the forms for diamond energy.
Wow, those rates are very expensive. I am not even sure they would be allowed to mess the the daily Supply charge at all. That is an accounting value reprententing the cost of maintaining the Grid for the Energex region split up so that every connected user is charged accordingly, so as to cover virtually the entire actual cost.
Off peak is usually connected to Hot Water Systems. My HWS chews 14kwh's per day on average (315ltr Electric). Therefore the price difference would be $2.10 up to $2.94. A difference of $306.60 per year.! AS my overal charges have been around $300/quarter, that HWS increase alone, would make a huge difference to our bill.
which company are you with?