
Which state set the record for the most expensive electricity?
Can you guess which state set the record for the highest wholesale electricity prices this January AND February?
QUEENSLAND has taken out the title after wholesale electricity prices broke record highs, even beating the troubled South-Australian network!
Figures from the AEMO revealed the average wholesale price for electricity in January was $198 a megawatt hour. This compares to South Australia's average of $84 a megawatt hour and Victoria's $62.
An AEMO spokesman said a combination of high temperatures and increased gas prices contributed to higher prices, but with three wholesale power price surges in the space of two months, the jump has prompted an investigation by the AER.
55-year-old Greg McIlroy was fed up with the relentless increases to his power bill and decided to join the FiftyUp Club to lower his bill costs. Watch his story below:
He is just one of the thousands of Queensland residents who are fighting back against high energy costs by joining the FiftyUp Club. As part of our latest campaign, the FairGo for FiftyUps, we are using the buying power of our members to try and negotiate better offers on telco, insurance and electricity. As a member you can access our exclusive offers by joining at www.fiftyupclub.com.
The best part? It is cost and obligation free!