Energy Bills up by $300: ACCC

shap08 on 11/10/2022 - 12:27
Last edited 11/10/2022 - 12:53 by 1 other user

Rising power bills is the biggest inflation problem: Chalmers

Campbell Kwan

Treasurer Jim Chalmers is very concerned about rising power prices amid the inflationary environment around the world, calling it the “most problematic factor in our inflation problem”.

“Firstly, we are very concerned about what is happening with power prices,” he told reporters.

“It’s a combination of what’s happening around the world, a combination of that with extreme weather and, frankly, these are the costs and consequences of a decade now of denial and delay when it comes to having a stable policy environment.

“It is going to be the most problematic aspect of our inflation problem over the course of the next six or nine months. I have had a number of conversations with Treasury and with others about it.”

This comes after ACCC chairwoman Gina Cass-Gottlieb earlier today said that household electricity bills have risen $300 since April.

Alinta chief executive Jeff Dimery yesterday said he expected energy tariffs to increase at least 35 per cent next year.

“These are the costs and consequences when it comes to a decade of delay on power policy … a bigger and bigger part of this inflation overtime will be what happens with electricity prices.”

My question to the community is what are you doing to reduce or save on your energy bill?

I recently used the moccona deal to get free coffee and used the cashback cards to prepay my energy bill.
https://www.ozbargain.com.au/node/729451

Solar installation is another that comes to my mind.

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Comments

  • Cheaplikethebird on 11/10/2022 - 12:30
    +4

    Locked in a good rate with Lumo for 12 months back in June when ReAmped were warning people of price hikes. So nothing really.

    • c64 on 11/10/2022 - 12:48
      +3

      you still face massive tariff increases in less than 12 months time

  • [Deactivated] on 11/10/2022 - 12:44
    +3

    it's only going to get worse..

  • happydude on 11/10/2022 - 12:50
    +6

    Laughs in Westrailian.

  • El-Rhi on 11/10/2022 - 13:11
    +4

    But Chris Bowen says bills will be $275 lower!

    • pharkurnell on 11/10/2022 - 13:56
      +6

      politicians mouth open = lies.

      • MITM on 11/10/2022 - 14:06

        Got a $175 govt rebate on my last bill - but not holding my breath for another $100.

        • nfr on 11/10/2022 - 15:04
          +1

          Is the rebate a Queensland thing? No rebate in NSW.

          • NatoTomato on 11/10/2022 - 15:59

            @nfr: Victoria as well. Curious… seems like an ALP thing.

  • MS Paint on 11/10/2022 - 13:17
    +1

    Where's all the EV fanbois now?

    • bozaar on 11/10/2022 - 13:20
      +7

      Still cheaper than fuel.

      Love free charging too!

    • shap08 on 11/10/2022 - 13:20
      +3

      Techbros on 300k wouldn't care

    • NatoTomato on 11/10/2022 - 16:00
      +3

      Spending all the money they saved when Servo's rorted you guys instantly on fuel prices at the start of the year.

      • [Deactivated] on 13/10/2022 - 00:06
        +1

        trading one devil for another… when most are reliant on EVs, you think energy retailers won't do exactly the same thing that fuel retailers did?

  • Typical16-bitEnjoyer on 11/10/2022 - 13:18
    +4

    My question to the community is what are you doing to reduce or save on your energy bill?

    Use less, get it cheaper elsewhere or earn more. Obviously.

    • DashCam AKA Rolts on 11/10/2022 - 13:48
      +14

      Extension cord from the bbq in the local park. ;-)

    • TilacVIP on 12/10/2022 - 15:30

      candles

  • ForkSnorter on 11/10/2022 - 13:19
    +3

    My question to the community is what are you doing to reduce or save on your energy bill?

    1. Wear warm clothes in Winter. Some people don't seem to know what warm clothes are. I recommend thick wool jumpers, thick socks, thermal underwear, etc. I only needed to use the heater (tiny fan heater) once this Winter.

    2. To stay cool in summer, lose weight, stay fit, don't wear clothes, don't eat too much hot food, or simply don't care that you're hot. I don't own an air conditioner, never needed one. But it may depend on your body's metablism/constitution. I've gone cycling in long pants at midday on a 40-degree day and I was fine. Obviously this would be difficult for some people.

    3. Turn lights off at night. Only turn on one light in the room you're in, if you're doing something that needs light. I watch TV after dinner, and sleep very early, so I hardly turn on any lights on at all.

    Can't think of anything else. Nowadays I wouldn't want to own a pool, unless it was solar-heated.

    • Postal Dude on 11/10/2022 - 13:25
      +4

      3 is fairly redundant now with led lights

      • MITM on 11/10/2022 - 14:08
        +1

        3 Hide under a rock until it all blows over.

    • Benoffie on 11/10/2022 - 13:35
      +1

      Think about your house design if your building - insulation can do a lot but a well-designed and situated house can do a lot more. Open plan living is not actually your friend.

      Install heat pump a/c (reverse cycle) vs ducted.

      Install exterior shades or blinds over windows. Or, better yet, plant appropriate plants that will reduce heat in summer and allow it in winter.

      Obviously, there's a lot more but I am consistently amazed that people build these dog boxes, no eaves, surrounded by concrete and then expect a 2-4kW solar system and some insulation to make up for it.

      • ForkSnorter on 11/10/2022 - 13:43
        +2

        Agree. Nothing will heat your house more than north-facing large windows with nothing blocking the sun, especially north-eastern sun in the morning.

        And nothing will cool it more than having shade on the western side in summer.

        Basically, if your house is dark inside during the day, it will be cold in Winter.

    • RefusdClassification on 15/10/2022 - 12:28

      I am extremely sensitive to cold and wear 3 layers for 4 months. Heavy winter clothing tends to be quite expensive as well unless you can pick some up at an Aldi ski sale (there was none this year unfortunately). How I wish I could afford to heat everywhere inside at a permanent 20 degrees during Winter.

  • ady211 on 11/10/2022 - 13:30
    +3

    I moved to heat pump couple of months back from a traditional hot water storage and I can see my usage has dropped by 50-60%

    • shap08 on 11/10/2022 - 13:36

      What was the rough cost?

      • ady211 on 11/10/2022 - 13:53

        There is some rebate from NSW in total paid around 300

        • GG57 on 11/10/2022 - 14:07

          In Victoria, if you have an electric hot water supply, the state government replaces it with a heat pump version for $0.00

        • Quantumcat on 11/10/2022 - 14:09

          $300 or $3000? Must be a decent rebate if only $300!

    • MITM on 11/10/2022 - 14:11
      -1

      And in summer you can direct the heat pump exhaust (cold air) into the house as AC

  • GG57 on 11/10/2022 - 13:41
    +1

    "…ACCC chairwoman Gina Cass-Gottlieb earlier today said that household electricity bills have risen $300 since April."

    I wonder what that statement is based on? It seems very generalised and doesn't align with my experience.

  • netjock on 11/10/2022 - 14:38
    +1

    My question to the community is what are you doing to reduce or save on your energy bill

    Have solar and move all your usage to day time. Only live in a 13sq house got 2x 2.5kw reverse cycle split systems. Use 3kwh night time. 5kwh depth of winter. Upgraded from 1.7kwh solar to 6.6kwh, on 5c FIT paying zero for power just supply charge.

    • EightImmortals on 11/10/2022 - 16:22
      +1

      All good if you're not renting. :)

      • MS Paint on 11/10/2022 - 16:25

        Or have more than 2 homosapiens in the house

        • netjock on 11/10/2022 - 20:49

          3 people in my house. 4 sometimes.

      • netjock on 11/10/2022 - 20:50

        When I lived in a 2BR apartment the air con was never turned on summer or winter. Consistently bills between $50 - $60 per month.

  • netjock on 11/10/2022 - 14:41

    This comes after ACCC chairwoman Gina Cass-Gottlieb earlier today said that household electricity bills have risen $300 since April.

    Some places. QLD and NSW probably. In Victoria power prices have hardly moved.

  • Gronk on 11/10/2022 - 15:30
    +8

    I use the BBQ at a local park to boil all my water :D

    • jv on 11/10/2022 - 15:40
      +1

      I burn the wood I collect from my local park to boil my water.

  • jv on 11/10/2022 - 15:37

    Energy Bills up by $300

    Will go up even more if Greens & Teals get their wish.

  • ozhunter on 11/10/2022 - 16:07
    +4

    Green energy will save us 😆

    • Caped Baldy on 11/10/2022 - 17:09

      Many of us have solar which have paid for themselves…

      • brendanm on 11/10/2022 - 17:37
        +2

        Where does your power come from at night?

  • EightImmortals on 11/10/2022 - 16:21
    +3

    "“It’s a combination of what’s happening around the world, a combination of that with extreme weather and, frankly, these are the costs and consequences of a decade now of denial and delay when it comes to having a stable policy environment."

    And nothing to do with politicians shutting down coal power plants and refusing to allow nuclear power. Any green energy revolution needs to be driven by the technology and not by ideology as it currently is. Of course in Europe it's a bit different as they are shutting everything down and refusing to buy gas from Russia. It's backfiring of course because now half of Europe is raiding the local forests, both old growth and 'carbon offset' plantations for fuel to burn to keep themselves warm, in raising co2 and destroying trees. Good work Klaus.

    Some of the power bills over there and in Britain are ludicrous.

  • King of NPCs on 11/10/2022 - 16:39

    I switched to a more energy LED television and new fridge. I am going to upgrade my PC next as my Dell uses 95W but it can only handle basic word processing and web browsing. King of the Frugals.

  • Caped Baldy on 11/10/2022 - 17:07
    +2

    They're taking the piss with the reasoning behind the increases right?

  • illogicalerror on 11/10/2022 - 17:27
    +5

    Seems like another rort to me, like what happened with the fuel prices.

  • vinni9284 on 11/10/2022 - 17:27
    +1

    Sign up to Vicompare and get $250 back. Legit government website. (if you're in Vic)
    https://compare.energy.vic.gov.au/
    There you go. You will be only paying $50 more after the rebate.

  • payless69 on 11/10/2022 - 19:09
    -2

    Bill Shorten is now rebuilding Medicare. Unions print love Medicare stickers. 30% of the population having an invisible disability is way far too low for Speedy Bill.
    He has successfully rebuilt a perfectly working Mygov site into something even more legacy. If it ain't broke then throw huge money at it to brake it!

    Musk could now dam the Franklyn with his huge white containers. The trees would at least shield them occasional fires and if it still does not rain.
    Comrade Vladimir will sell him a long obsolete pipeline that now lays next to that Danish island. It would have good sections to link the Apple Island to the mainland….

    payless69 on 11/10/2022 - 19:09 (Collapsed - Offtopic. Show)
  • saltypete on 12/10/2022 - 09:18

    When were energy prices not going to rise?
    Will they rise in future?

    There are plenty of things you can do to reduce energy bills. You could possibly have done them 5 years ago and been reaping the benefits. In fact if you live in a detached house with vehicle parking you can quite likely go bill free, for at least some months of the year.

    I do feel for folk in low quality rental accommodation. They cant do much to manage demand or install solar etc.

  • asCMSas on 12/10/2022 - 10:09

    I am looking at induction cooktops

  • GG57 on 12/10/2022 - 14:49

    By chance I received my latest electricity (only) bill today.
    For the same period (month) last year, we have reduced our energy consumption from 631.5kWhs to 612.9kWhs, even though we have one additional adult living here fulltime this year.
    We did have a heat pump hot water heater installed (for free, thanks Vic Govt) during the year. Apart from that it could be related to the differences in weather perhaps?

    Is there any actual evidence behind the "statement" that energy costs have increased by $300 since April?

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