Today I received my electricity bill for the last month… I was shocked to see almost 30% jump in the per KWH rate in my bill.
The energy provider, in a reply to my mail asking for reason of such a hike said as per the normal industry practice, all their customers are now charged with this hike.
Isn't 30% hike way too much..specially when the economy & my salary doesn't even grow in double digits every year? Any ideas to tackle this problem?
Note: My apartment is in some electricity grid, and it seems I can't change my provider.
Edit : My Electricity provider is https://www.benergy.com.au/ and I do have a meter ID but cannot shift to another provider for some reason.
After going through the comments, it seems we are at the mercy of these companies and nothing much can be done except paying for what is asked :(. Anyways … thanks a lot for all the opinions and comments.
The reason for the increase is numerous
With Hazelwood closed, one source of cheap power has disappeared meaning the power mix has tilted towards more expensive ones like gas and renewables. When I used to work for a power station, coal is the cheapest followed by gas with wind the most expensive for obvious reason. With increasing wind farms and solar, the average cost per Mwh has significantly increased.
This is the single biggest source of the increase. The other reason is the mandated renewables mix which is increasing meaning the power mix is further tilting toward expensive sources. Lastly, SA has drastically sucking up VIC power sources through the Heywood Interconnector because SA has literally killed off the power industry resulting blackouts you may have heard. The only single reason why SA still has power today is simply because of that Heywood Interconnector. If VIC refuses to supply through it like it did during the blackout due to the threat of equipment damage, SA would have been a ghost town it deserved to be. As SA is sucking our power, we have less for ourselves hence the increase
Your increase of 30% is generous. AGL/ACTEW is increasing its rates by more than that if you follow the news.
Add that to the fact that you live in Apartment means limited option to shop around. Your only avenue is reduce consumption but they will just compensate that by increasing the daily charges to ensure you pay more.