Alinta sent a nice little letter this week that their peak rate is increasing 30%. No justification or reasoning, just going up 30% while the feed in tariff stays the same. Also noticed that my car insurance has jumped from the regular 6% yearly increases to over 20% increase this year. With the cost of food and now interest rates increasing considerably, how are people expected to survive when wages are not rising anywhere near the same rate?
Anybody Get a Letter That Their Electricity Price Is Increasing 30%?
dogboy on 08/06/2023 - 07:27
Comments
What do your T&C's say.
I bet there's a break clause in there that they just have to give you 30 days notice or something similar.There's a note in the terms saying the charges can change from time to time generally once a year… What's the point in going fixed if they'll just change it anyway then? This makes no sense.
They'd probably say "because it's easier for you to predict your bill total"
Got an email from Tango yesterday stating in part:
"sign up to electricity with Tango and lock in some seriously low electricity rates, frozen until at least 31 May 2024!"
But the t&c's go on to say:
"Your rates are fixed until at least 31st May 2024 provided the network tariff doesn't change"
So will the rate change in early July when the electricity wholesalers increase their network prices?
Tried to ask Tango but gave up after waiting for 20 minutes on hold.
"Your rates are fixed until at least 31st May 2024 provided the network tariff doesn't change"
So will the rate change in early July when the electricity wholesalers increase their network prices?
Rates fixed unless network tariff changed. Network tariff is changing. Will rates change? Survey says: yes.
Yeah I got one previously
I agree it’s pretty crap, if you sign a 1 year contract, you are bound to stick with it, but they can up the price
……but when you sign up for a 12 month electricity 'contract' you can leave the retailer at any time.
I signed up to the Origin F&F deal posted here previously. From memory, it is a 1 year plan but there was fine print which said rates were subject to variation. I don't recall reading anything which said rates were fixed for the 1 year. On the flip side, I recall you can leave any time within the 1 year period without penalty.
It's not fixed fixed contract (like a fixed home loan) but it's fair that they can increase the rates when the network tariff rates also increases.
The network tariff rate are set by Government / Energy Regulator, e.g. wholesale rates.
Unlike a bank who can access deposits at a fixed term rates e.g. Bonds, Term Deposits, and then lend out at Fixed loans, the retailers can't lock in long term wholesale network tariff rate and are at the mercy of the Energy Regulator who sets the wholesale rates at time of usage.
So think of your retailer's 'fixed' rates as X% above RBA cash rates.
They must have some good margins. They are offering $75 worth of Woolies EDR points to switch over to them, with no lock-in. That will cover me for 4 months of hot water in WA.
Looking at Victoria, they have a 79c/day supply charge! Is that just for gas? That is $288/year. A good incentive to disconnect the gas completely.
You'd be crazy to use gas on a new build now.In SE QLD, mine is:
Gen Use: 25.8c —> 32.04c
Solar meter: 8.53c unchanged
Daily Supply: 118.3c —>134.0cI thought daily supply was more to do with their fixed costs? Massive jump!
I was confusing gas and electricity a bit, and just talking about gas. We have a single retailer for electricity in WA, 30c/kWh + 108c/day.
But the gas supply charge seems to be much lower than in other states, 17.7c/day. So less incentive to remove in completely when not using much.
@bargaino: These rates seem all over the place.
I'm in Brisbane also with Origin, my new rates are:-
Gen Use - 25.559c to 31.724c
Solar Meter - 8.53c unchanged
Daily Supply - 117.155c to 132.649
(GST Included)
Then I'm still getting Solar FIT 0.49c / KWh - This has not increased :(
Interesting. I'm in Brisbane also with Origin, my new rates are:-
Gen Use - 22.2c to 28.5c
Solar Meter - 8.53c unchanged
Daily Supply - 110.4c to 127.3
(GST Included)@Appleboat: I only get 5c feed in. I do WFH, and use as much electricity during daylight hours, so not much surplus gets fed in.
@BOGOF: I am also in Brisbane with Origin and mine is changing to the following.
Controlled Load 2 Usage 17.979 cents per kWh to 21.021 cents per kWh 3.042 cent increase
General Usage 23.236 cents per kWh to 28.842 cents per kWh 5.606 cent increase
Feed-in Credit (incl GST where applicable) -10.000 cents per kWh staying at -10.000 cents per kWh
Daily Supply - Controlled 2.743 cents per day to 3.355 cents per day 0.612 cent increase
Solar Meter Charge 8.526 cents per day 8.526 cents per day No change
Daily Supply 106.505 cents per day to 120.593 cents per day 14.088 cent increase
I got the bonus points offer so I am switching
What offer was that ?
the jumbo 25000 everyday rewards plus credit
Origin just moved me off fixed price to a variable price just before the 1 July hike is due. They don't offer me fixed plans any more (NSW).
So I switched to Red Energy which has a fixed price until 1 Jan 2024.
I will let you know if Red hike the fixed price on 1 July.Those who have solar feed-in tariffs that aren't going up should turn their solar off together in a union action until the government put the rate up close to the grid charge. It's basically stealing. And if you're feeding more in than you're using, the supply charge should logically be paid by the party who is benefitting from the supply - the power company. Vote me into power as premier and I'll guarantee to make this fair.
Theft is the new and now growning in daily Tariff charges! Ahh this as they reverse policy on cheap electricity that research shows not only costs the economy but also increases greenhouse energy as nuclear is always off the table unless it’s in a submarine we’rebeholdent to the USA for
SA Rate rise AGL GST Included
Peak/ kWh36.88000 to 40.568000
Shoulder /kWh20.68000 to 22.748000
Off peak /kWh23.98000 to 26.378000
Supply charge /day 90.41000 to 99.451000
New rates
Effective 1 July 2023Peak/ kWh 48.13000 to 52.943000
Shoulder /kWh 32.26000 to 35.486000
Off peak /kWh 35.47000 to 39.017000
Supply charge c/day 103.56000 113.916000Off-peak becomes peak
Your electricity rates
Current rates
Electricity usage per annum
Unit GST excl. GST incl.
General Usage
First 3900 kWh 26.61000 29.271000
Thereafter 26.61000 29.271000
Feed-in tariff 5.00000
Supply charge 75.41000 82.951000New rates
Effective 1 July 2023
Unit GST excl. GST incl.
General Usage
First 3900 kWh 35.89000 39.479000
Thereafter 35.89000 39.479000
Feed-in tariff 5.00000
Supply charge 85.88000 94.468000My AGL one is quite big f..kn jump: from 26.61 to 35.89 = 34.80%
I need some help to find new provider…
My current rates with Origin in VIC:
Daily supply 84.96 c/day
General usage 18.40 c/kWh
Solar feed-in tariff 5.20 c
Merged from Red Energy Has Increased Their Gas & Electricity Bills Twice in a 6 Month Period
This is some ridiculous pricing by Red Energy. They have increased our bill twice in the past 6 months.
I'm looking for a more affordable mature company without these extreme price increases.
Please don't blame it on the economy, I've Seen some affordable alternatives in different sectors such as car insurance companies.
it depends on your area… eg. my current postcode shows service fee of 77c + 20.757c/kwh anytime, whereas my old postcode shows 58.3c service fee + 20.702c/kwh.
victoria energy compare if in vic, surely there are other state based ones?
They have increased our bill twice in the past 6 months.
Technically yes, but it was 6 months between the price increases. They update them twice a year. New prices generally kick in 1 Jan and 1 July as you are seeing.
on red energy too…following thread
How dare a business raise their prices… waves fist at a cloud
Red shareholder?
Realist.
Companies need to start thinking about whether they want to drive the economy into recession.
If it makes you feel any better, my peak rate is now 55 cents per kw after all discounts and runs from 1500-0100 and 0600-1000. Must be all that free green energy SA has.
Disclaimer: not an economist.
Must be all that free green energy SA has.
It would certainly contribute. Generators have fixed costs (maintenance, staff, admin) and variable costs (fuel: coal, gas, etc) - if less people are using generated power, then the generator needs to charge more for it. Fuel costs have also been quite volatile lately and thus the generator would likely be needing to recoup or hedge against these fluctuations.
Car insurance companies do utilities?!
I left them about a year ago and my bills dropped 30%. Definitely shop around.
Yep, got the same email today. For Sydney, the electricity daily supply rate is increasing from $0.98 to $1.43 from July 1. Even though I’ve no reading glasses on at present, that’s not a typo 🤣😂!
Don’t be loyal to utilities companies. Shop around and change every 12 months. Otherwise you WILL be getting ripped off.
Thanks for reminding me to switch.
My rates in NSW are going up rougly 40-50% after 1/July
That's bullshit!
The forums will be flooded with these threads soon becuase EVERYONE is affected!
Every company will be increasing price, so shopping around will be roughly the same result!
We should organise a National Ozbargain Power Price Protest!
Stupid gov made this happen!
I'm with Energy Oz:
DSC: Daily Supply Charge: $0.715
Usage: $0.231Going up to
DSC: $0.9405
Usage: $0.3046Energy Made Easy gives me Energy Locals as the cheapest:
DSC: 61.00 cents/day
Usage: 25.00 cents/kWhBut they also have daft fees
1. New connection fee: $91.42
2. Membership fee per year: $179.88
3. Disconnection fee for moving out of the premises: $91.42The next cheapest is Sumo:
1. New connection fee: $83.55
DSC: 92.40 cents/day
Usage: 25.08 cents/kWh
With a $100 bill credit.So Sumo for me!
Be careful with Sumo in Qld. Those scum have ridiculously high demand charges which Energy Made Easy doesn’t account for.
Im a renter, and ive switched everything to electricity after seeing Red's bill. I used 8$ of gas this quarter but had to pay 150 to access it.
Red told me that i cant disconnect my gas account with them unless i pay a 70$ charge to have the gas supply mechanism bricked
Im not sure my rea would be impressed.
Merged from AGL New Rate Too High
NSW Ausgrid, via AGL, has doubled the rate of control load and increased other rates by 50%. They have also introduced demand charges on my bill since July. This has resulted in a 70% increase in my total bill.
Unfortunately, it seems there is nothing we can do to stop them, as the government allows them to increase the rates by at least 35%, but not up to 35%.
I recently installed a 6.6kw solar system last month, but even with the increase, it appears that I will still be paying more than before
Food for thought.
https://www.youtube.com/watch?v=lJDEH_wr22E
Special Report, made by Sydney Correspondent Chris De Bruyne, into the Liddell power plant closure, the similarities with the energy crisis in California, and what's likely to happen next.
Chris De Bruyne the anti-vaxxer who calls himself a journalist without any credentials?
I'd recommend more reputable sources than that clownCan you share what he said that you think is not true?
TBH I'd never heard of him before.@EightImmortals: Yeah he was in the headlines a while back, stirred the pot during covid if I recall.
I'll check out the vid later and report back@EightImmortals: Ok I watched the video. Yeah I'm not going to disagree with him because I think he is on the right track.
I just don't think he did a good job at explaining why because he didn't explain the bidding mechanism, that you can have say 30,000 MW of energy demand and those energy produces have bid a max of $1 a MW, but then demand increases and you need 1 more MW but the next best bid for that 1 MW is $10,000 a MW/h which now means that we are paying $10k a MW/h for all 30,001 MW demand. Now combine that with too few players providing our energy and having too great of a market share and you can see how market manipulation can occur.But the big thing he hasn't mentioned is our gas prices and how both Labor and Liberal governments have sold us out, how we are the only stupid country that exports gas that makes it citizens pay the global spot price for gas. How we (on the east coast) are basically bidding against countries that have produce no gas of their own for our very own gas extracted here in Australia. Obviously it's been well publicised lately but WA have a 15% gas reserve policy that forced producers to keep 15% of the gas they produce in WA, last I checked they were forecast to have their energy increase by 2.5% this year…..
We might be the lucky country but we are also the dumb country.
so what do these reputable sources say about the 'unexplained' excess deaths averaging about 15% above normal, since the untested experimental vax was forced on the population?
@hueylewis: They say that half of those were directly from covid as the cause (not the vaccine), of the other half there were 15% of those who had covid at the time of their death. Then we have the flow on from people delaying surveillance testing or not seeking early intervention for cancer symptoms so cancer rates are up. Then dementia deaths and heart related deaths are all up too which we know covid affects.
So to answer your question, not the vaccine.
@donkcat: "they say". "they". ok. One "they" is the Society of Actuaries, and 'they' say that 'they' don't know what the causes of higher deaths from heart issues and higher overall deaths, are. Meanwhile, Western countries quietly ban the AZ vax, but continue it in third world countries. so is AZ 'safe and effective' or not? The deaths are not slowing and 'they' still don't know why.
You can find the best rate through https://www.energymadeeasy.gov.au/
But that wont have the new rates from 1 july. There are a few providers that offer fixed rates so you may benefit for those.
Wholesale prices for electricity are apparently stabalising so hopefully wont be increasing by as much in the future.
Yes, alas the fact this Govt comparison site is literally still showing rates that are for all intents and purposes unavailable (as will be gone 01JUL) it's of little to no help at all.
They really should have factored this in and made the site able to show the already announced, new post 01JUL rates - as folks have no idea whats out there now without it.
Very poor forward planning.
FWIW I'm in essential energy area - 50% increase on everything except Shoulder rates. When even the supply charges are up 50% you know they're taking the piss as there's no way their costs for this have gone up that much.
The lobbyists have gotten to the Pollies and once again ensured the public are screwed over.
Got the email saying mine cost 40% more from July 1st.
You in NSW ausgrid too? Which retailer you used ?
I Think mine is Essential Energy. I use Agl.
My rates in NSW are going up rougly 40-50% after 1/July
That's bullshit!
The forums will be flooded with these threads soon becuase EVERYONE is affected!
Every company will be increasing price, so shopping around will be roughly the same result!
We should organise a National Ozbargain Power Price Protest!
Stupid gov made this happen!
Mine one increase over 50% , control load increase double
Wonder how people are going to feel about the $500 that Albo send out.
Warm and fuzzy for a week or so depending on usage
What $500?
not even enough to cover my next AGL bills with the price increase! I have gas and electricity with them but I'll take anything at this stage.
For "eligible households" being the operable words
You need to be triple threat.
On JobSeeker, renting and have children in child care.
It is tough to survive being a triple threat but this government is doing Jackie Moon level stuff.
But I thought one of the arguments for all this green power was it will be cheaper!
It is an argument but the big factors here are massive gas price surge, delays on green projects (and their initial cost), and profiteering thanks to privatisation and the regulator approving rate rises.
Did you know Origin made a $400 million dollar profit in the 6mo period ending Dec 22? I imagine we’ll see similar when EOFY is reported.
WA gas reservation vs gas price cap policy. The genius of gap price cap is you can still apply it if there is no gas to sell. It is like reasonable prices on toilet paper in 2020 but none was on the shelf.
It is. Energy prices are negative from 11am - 2pm in Victoria in the middle of winter.
Problem is with storage (none, and where it is place) and changing energy usage habits. Like everyone does their washing machine / dishwasher from 11am - 2pm etc.
Been trying to get a 5MW solar farm with battery approved. The barriers are very high because the energy distributors basically charge you for a lot of upfront work (at high prices) with potentially no result.
Also if you can say get a big enough transmission line to connect say WA to the grid then Victoria 5-8pm is covered (because it is still sunny in WA) and WA mornings are covered by eastern states because solar starts to produce 3 hrs before sun rises in WA etc so you need less storage.
You do know you can switch providers right? However expect generalised collusion from all the power suppliers so nothing will be as cheap as it used to be.
Read my comment above! Everyone is increasing price!
AGL New Rate Too High
Why is it too high?
If we could hook Thomas Playford up to a generator, we'd be able to power all of the country for nothing.
FYI - Premier of South Australia and leader of the Liberal and Country League from 5 November 1938 to 10 March 1965. He nationalised electricity companies (in SA) to be able to attract manufacturing (guaranteeing energy costs.) In 1998, the South Australian Liberal Premier, John Olsen, announced the privatisation of the Electricity Trust of South Australia.With dozens of energy retailers to choose from, aren't you just enjoying the competition and lower prices of all retailers raising prices by roughly the same amount?
Yes, the free market……
$$$$ to the consultant agencies, retailers set up with zero assets borrowing from parent companies (so tax deduction on acquisition funding), inflated running costs + profits (AKA price gouging) + shareholder dividends; gotta love this free market model. So much of an improvement over the state owned power generation.
/s in case it's not obvious.
Similar in Victoria.
What is everyone complaining about? You have known for years that increasing the price of power is one of the mechanisms that the ecofascists use to chase their net zero carbon fantasy. What do you expect to happen to the price when you shut down cheap reliable energy sources and replace them with solar and windmills? All paid for by subsidies from increasing the mining royalties price of coal by 300% and all the rest. You voted for it. Keep blaming a civil war in Europe, if that makes you feel better. Meanwhile the CCP is securing 30 year fuel contracts with Iran at 30% less than what we pay for even our own fuel. Enjoy.
spot on it's been over a decade that they have been pushing this clean green narrative and cheap power from renewables, somehow it's getting a lot more expensive.
We are one of the resource rich countries in the world. Our electricity should be one of the cheapest in the world. We are okay to sell them to other countries so that they can have cheaper electricity, but we are being restricted in using them here.
And warmunists are PROMISING that all this price pain will give us nicer weather!!
… pull the other one, baby.
CHEAP RUINABLES? … THINK AGAIN …
The ACTUAL Levelized Cost Of Energy
https://wattsupwiththat.com/2023/06/02/the-actual-levelized-…
Merged from Origin Fixed Rate Electricity Increase
So got an email from origin energy in which they said my fixed electricity rate is going up as the reference price is going up. Is that right? I thought fixed was fixed for a year? Anyone else get the same email? Feel like I've been ripped off because I've been paying more for 6 months than their variable and now when the variable rate is set to increase my fixed rate does as well. What was the point in fixing it in the first place?