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NewsDeadline looms for Energy companies to outline Carbon Tax price cuts
Deadline looms for Energy companies to outline Carbon Tax price cuts

Deadline looms for Energy companies to outline Carbon Tax price cuts

Tags: Consumer Action Cost of Living Energy
Last updated by Joel Gibson on

Screen Shot 2014-08-13 at 4.38.26 PMThis weekend is the deadline for energy companies to tell the consumer watchdog how much they will drop their prices due to the Carbon Tax repeal.

The carbon tax repeal legislation required energy companies to report to the Australian Competition and Consumer Commission within 30 days on the Carbon Tax savings they would return to consumers.

The 30-day mark arrives on Saturday, after which retailers will also have to tell customers where they stand.

So far, the three big Electricity retailers, Origin, Energy Australia and AGL, are yet to release details, although Origin estimates an average reduction of 7% for its residential customers.

The retailer behind the current One Big Switch Group-Discounted Offers, Click Energy, has said it will pass back 100% of the tax and expects to give our members full details in the coming days.

Energy Australia has now released state-by-state average savings percentages and said: “We will notify customers in the coming weeks about the pricing changes. The carbon component will be removed from our residential and small business energy prices in September. Following the reprice, the backdated savings (for the period 1 July 2014 to the reprice date) will be provided as a credit on subsequent bills.”

Origin has said: “We’ve done some initial calculations and estimate that an average Origin household electricity bill# will decrease by around 7 per cent. Households will also see reductions to their Origin natural gas bill. The actual savings you receive could be more or less depending on things like where you live, your tariff type and how much energy you use. … We’re working on the new carbon exclusive prices right now and we’ll confirm them in September.”

AGL has said: “We are currently working through the changes to our gas and electricity rates following the repeal of the carbon tax. All residential and small business customers will see a reduction to their energy rates due to the carbon tax repeal which will be backdated to 1 July 2014. … Our new rates will be lower than the current rates and we expect the changes will be implemented in August or September 2014, with the new rates backdated to 1 July 2014 for existing customers.”

Originally posted on .

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Deadline looms for Energy companies to outline Carbon Tax price cuts

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Alistair
Alistair from NSW commented:

Same experience, cut the discount, advise of a reduction due to the carbon tax and then advise a price rise in January of approx 8 %. 

John
John from NSW commented:

They take a LOT but give 0 - Moor NEW tax's to Come to Bleed us 

Leonard
Leonard from NSW commented:

Of course the price will come down even without Government legislation, competition will force them down.We can do our bit by accepting the the best offer available. 

Janette
Janette from NSW commented:

Have to agree with all comments so far. I HAD to switch from Australian Power when AGL took over and my power bills went sky high!!! Considering I live alone, I"m still trying to figure out why! From now on AGL can go jump because I'm now in the right mood to switch to a company offering a fair go!! 

roger
roger from NSW commented:

It should be quite simple what percentage is given back to the people, what ever percentage the supply authorities tacked on to our costs and justified it with the Carbon Tax and stop messing us around and trying to make out they're doing us a favour Roger from NSW 

Lesley
Lesley from ACT commented:

ACTEWAGL, the sole provider of electricity and natural gas in the ACT made sure that they had already applied considerable price hikes to these utilities before the Carbon Tax was repealed. They made sure that they would not loose out.. Lesley from Canberra ACT 

Macklan
Macklan from NSW commented:

The only clothing I would be interested in buying presently are 4 or 5 pairs of brave of reasonably quality trousers. Many thanks, Macklan Gridley (Fiftyupclub member -electricity & fuel) (gridley@tpg.com.au) (I am somewhat overweight). 

Nathalie
Nathalie from NSW commented:

Same ole same ole - takes companies weeks to pass on savings/gains for customers but they can hike their prices in 24hrs ......... 

James
James from NSW commented:

What a crock????????????? When I get my next origin bill, check the amount and then I will be looking at changing, 7% reduction in the bill, and I have solar panels also whom are they kidding, a living requirement yet the prices rise without worry but when people are struggling they do not give a damn 

Derrick
Derrick from NSW commented:

Here is hoping that the main energy suppliers will give us fair rebates.Is it not strange that energy companies find it hard to work out our rebates , but when it increases prices,it can be worked over night. 

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