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NewsAnalysis reveals some silver linings in power price hikes
Analysis reveals some silver linings in power price hikes

Analysis reveals some silver linings in power price hikes

Tags: Energy
Last updated by Joel Gibson on

A new analysis reveals some silver linings in the recent July 1 power price hikes, with retailers also raising solar feed-in tariffs.

The FiftyUp Club asked our energy analyst to look at what has changed in the electricity market since July 1. Not surprisingly, they found big price hikes of up to 20% - driven by the rising cost of wholesale energy.

But because wholesalers are charging more, that means every mum and dad with solar panels on their roof will also get more for the energy they sell back to the grid. After all, they’re a small power station too!

Government Feed-in schemes are gradually winding up around the country but the Feed-ins paid by retailers have almost doubled in some cases.

See the list below for the range of Feed-ins we found in your state.

The FiftyUp Club is currently preparing a campaign to create new group discounts for members on energy plans, including solar. So watch this space in the weeks to come.

Meanwhile, read below to see whether your Feed-in is now competitive.

NSW

Retailer Feed-in Tariffs range from 6c – 17c

Average Retailer Feed-in Tariff is now 10c

QLD

Retailer Feed-in Tariffs range from 6c – 16c

Average Retailer Feed-in Tariff is now 10c

VIC

Retailer Feed-in Tariffs range from 5c – 16c

Average Retailer Feed-in Tariff is now 11c

SA

Retailer Feed-in Tariffs range from 6.8c – 22c

Average Retailer Feed-in Tariff is now 12c

Originally posted on .

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Analysis reveals some silver linings in power price hikes

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Someone
Someone from QLD commented:

They may be offering higher returns for solar energy eg 16c. But they are jacking up the price of the electricity cost per day to you. 

Peter
Peter from NSW commented:

I consider it to be a rort when they charge a supply charge for Domestic Tariff and a another supply charge for Controlled Load 1. If the poles and wires are supplying electricity for one Domestic usage, then the same poles and wires are supplying electricity for the Controlled Load usage. We do not have separate poles and wires. So why 2 charges. 

Lee
Lee from NSW commented:

I feel it's not so much the cost of electricity but the supply costs are ridiculous we went from 75 cents a day to $1.31 a day the latest rise puts it over $1.60 a day the wholesale price of electricity doe sent have much to do with that does it? 

margaret
margaret from NSW replied to Lee:

Oh yes. When moved from Katoomba to Bathurst I was assured by AGL that my costs would be the same. When my first bill, which was larger than expected, arrived, I rang them for an explanation. Well yes, the cost of the electricity was the same but the supply cost was 50cents a day more. When combined with a phone bill the 'plan' I had checked at least 4 if not 5 times over the 5 weeks it took for Telstra to connect, did not exist and I was up for at least $30 a month extra, my tight but manageable budget was shot. These incompetent, or maybe simply lying, companies certainly make life a misery for many. 

Lesley
Lesley from NSW commented:

I find it extremely annoying that all the energy providers offering good discounts always reduce the saving for anyone with solar panels. How is that fare. We are helping boost there supplies 

Anthony
Anthony from NSW commented:

Hi, Interesting reading. Who's giving 16 cents in Sydney? 

Someone
Someone from NSW commented:

Thanks for the feedback Peter. I'm with AGL and they offered me 11.1% solar feed in tariff with my 22% discount pay on time plan. 

Linda
Linda from QLD commented:

Never mind all the different tariffs, what irks me is the Daily Supply Charge. Well over $1 a day now, some $1.39, for the normal; then they sting you for additional supply charge for Tariff 33 and then, oh look - solar panels, so lets charge you a daily rate for having them on your roof!! Profiteering is the word that springs to mind!! 

Peter
Peter from NSW commented:

I'm confused. I'd just be happy not to be paying for power. I don't care too much about receiving 'feed-in' benefits. So what should I be asking suppliers before I buy solar and batteries? 

Peter
Peter from NSW replied to Peter:

Obviously a problem with this website forum as the comment above was not made by me. I am not confused at all. 

Peter
Peter from NSW replied to Peter:

Obviously a problem with this website forum as the comment above was not made by me. I am not confused at all. 

Patricia
Patricia from WA commented:

What about feed in tariffs in WA? 

Someone
Someone from WA replied to Patricia:

Good old WA - Waiting Awhile STILL. 

Someone
Someone from WA replied to Patricia:

I agree Patricia. We are still part of Australia. Why no information about WA? 

Gertraud
Gertraud from ACT commented:

The reason WA is not included in this is because electricity is still owned by the WA government and is not part of the privately owned "national grid". 

Don
Don from QLD replied to Gertraud:

I just think WA is too far away from all the action 

Peter
Peter from NSW commented:

Your current campaign to improve group discounts for 50up club members is taking too long to formulate. I have been with Click for over 3 years and have decided it is time to say good-bye and return to Origin. The current plan is no longer cost effective to myself. I justify this because of the 90% (YES 90%) increase in the Controlled Load Tariff and the 31% increase in the Domestic tariff. Even with the feed-in tariff of 17cents I am still worse off. Click contacted me and offered to increase the feed-in tariff to 19cents and the on-time discount from 7% to 15%. I am still worse off on this plan. Hence the return to Origin Solar Boost Plan. 

Someone
Someone from NSW commented:

If you want to make the over 50 Club members happy find a deal with solar and a battery storage bank that will ready help us save money. Regards Trevor Avery 

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