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NewsSecond Major Retailer Announces Power Price Hikes of up to $500
Second Major Retailer Announces Power Price Hikes of up to $500

Second Major Retailer Announces Power Price Hikes of up to $500

Tags: Energy Information
Last updated by Kayley Harris on

Two of the Big 3 energy retailers have now announced electricity price hikes of $300-$500 for households starting on July 1.

On Thursday, EnergyAustralia notified newspapers of increases ranging from 7% to 20% on Electricity bills for customers.

EnergyAustralia says this adds:

  • $369 for an average Electricity & Gas customer in NSW,
  • $130 for an average Electricity customer in SEQLD, and
  • $471 for an average Electricity & Gas customer in SA.

This follows the announcement of big increases last week by AGL, adding between $200-$500 to a typical electricity and gas bill.[1]

The third of the Big 3, Origin Energy, is yet to announce its increases, but other retailers’ hikes are expected to be similar, or even higher.

We'll keep you updated as more info comes in.

Or you can tell us what your retailer is doing if you've already heard from them! Email kayley@fiftyupclub.com.au

Some experts are even predicting increases of up to 30% for some customers due to the doubling of wholesale prices over the past two years.

All of this comes on top of bills increasing by 116% on average nationally in the past decade, and is likely to lead to mass disconnections.

Be sure to shop around and make sure you're on a good discount before the price rises kick in.

See the current special offers for members at this link

Originally posted on .

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SECOND MAJOR RETAILER ANNOUNCES PRICE HIKES UP TO $500

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Someone
Someone from QLD commented:

To the Fifty Up Club I am not Anonymous from QLD. I am Joanne from Vic. Quite often when I write a comment I have someone else's name. I can make 3 comments in a matter of 10 min. & I have 3 names, Can you try & fix it. Are you sure your not tired up with the Vic, Gov. Ha! Ha! Many Thanks Joanne from Vic 

margaret
margaret from NSW commented:

Yep. That varity is comes with membership. I can not remember the amount of name changes, suburb changes, and state changes (now in a state of despair over it) I have had. There is also the sex change, free of charge and undoubtedly a painless convenience making many in this rainbow coloured world, just Oh so envious. The way out, is to check the top of page every time to find out who you are where you live and whether you are male or female on that particular day. If you feel that days allocated sex, address or even name does not please you can then change so something you consider more desirable. 

Someone
Someone from QLD commented:

Shop Around!!!! Yea right, to save what, $20, it cost me $20 in power & time. Only to find in 6mths. time to shop around again, and again, and again. The Vic. state polies - I am just wondering what type of house they live in, If they ran their house like they run the state they should be living on the street. Because they would have sold off all their furniture, rented out their back yard, pulled down some walls & sold that off, struggled to pay their bills, only because the money they get in they blow on crapp, things that are not important. Don't worry about the rest of the family, need a pair of shoes there's always the opp. shop. I do not believe how much money is wasted on unimportant issues. Start getting right Daniel, your in the top job getting top money, start getting right. Hazelwood I think could have been saved. Should have made a deal with France & refurbished it to keep running & cut carbon at the same time. Just like China is doing. People would still have their jobs & our Power wouldn't be so dear. I don't know what to say, but I do know that I am disgusted in how the state is going. BACKWARDS.... Joanne from Vic 

George
George from NSW commented:

I am reading comments about electricity and gas prices in different states and it appears Malcom Turnbull's Govt is being blamed for the high prices. The RET (renewable energy targets) are set by your own state govt, who are also closing down cheap energy producing coal fired power stations, so blame your own premiers not the PM. After hundreds of years of producing cheap power, coal is now the number one enemy in pollution (here in Australia) so govt's are going with renewable energy which is expensive. Malcom Turnbull is trying to find a solution to lower the energy prices and make sure we have a reliable power system, (unlike SA.) Here in WA we don't have RET target YET, and haven't closed down out coal fires power stations, so power here is relativity cheap. My last electricity account with rebate is $78.95 and I don't have any solar panels or anything to do with renewable ENERGY... so all you Eastern Staters just move to WA and you WILL have cheap power prices until our govt goes crazy and decides to follow the sheep and introduce the RET. Lydia 

George
George from NSW replied to George:

Hi Lydia of WA, I am not sure why your comment appears to be from "George from NSW" whereas your comment clearly indicates you are from WA. This comment is to correct any impression that it is from me - a real "George from NSW". Maybe, FiftyUp Club needs to investigate too. 

bradley
bradley from NSW commented:

how can the government let this double whammy happen by reducing solar rebates from 0.60 cents to 0.06 cents and then let the providers recover these rebates by putting up the prices. 

ron
ron from NSW replied to bradley:

I agree Bradley, its an absolute joke. How can they offer , like you say , 60c then have reduced to 6c for solar a few years later. The government appears to not be fair dinkum in reducing out of control electricity increases and not committed to making alternatives more cheaper than what they are now. 

Henry
Henry from VIC commented:

Luckily Energy Australia sent out their new prices early enough for me to get a 2 year price freeze on the old prices. Perhaps consider this type of contract while you shop around. 

Henry
Henry from VIC commented:

We in Victoria have been ripped off by Power Companies for years with the State Government doing nothing!!!! 

Someone
Someone from QLD commented:

THESE THINGS HAPPEN BECAUSE OF GREED AND SECONDLY BECAUSE WE AS A WHOLE NATION DON'T STAND TOGETHER AGAINST INJUSTICE! excuse caps my typing error. 

Someone
Someone from QLD commented:

Why should we in Qld pay an extra Service fee of 89.572 plus gst our bill $90.65 then there is a fee for meter service which is $15.39.that is $ 106.04 a pensioner has to pay on top of their electricity bill which is wrong. June Robinson 

Brian
Brian from NSW commented:

Speak up on the POWER RIP OFF Here's Gladys Berejiklian's contact https://www.nsw.gov.au/contact-us/contact-the-premier/ AND Here's Malcolm Turnbull's contact https://www.pm.gov.au/contact-your-pm Let em know "we're not gonna take it any more" 

George
George from NSW replied to Brian:

Thanks, Brian. Makes it easy for lazy folk to write to the top. No increases more than CPI should be allowed without very good reasons! This nonsense has gone on for too long! 

greg
greg from NSW commented:

What's the justification for the price rises ? Can anybody tell me ? I get bills now via email and page 2 of the bill showing details containing my usage etc is not accessible. Parasites! With AGL but too hard to compare offers. I'm putting power back in the grid and get very little in return and AGL sell what I'm generating for big profits. Government just sits on its hands. Not happy!! 

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