Below is an except from a Brisbane Times article on power price hikes:
It is official – power prices are set to rise by about another $200 a year.
The Queensland Competition Authority made no changes to its draft determination price from December, meaning a typical household on tariff 11 will see a 13.6 per cent increase in electricity prices for the next financial year. That works out to about $192 over the year.
A typical small business customer will see a jump of about 11.5 per cent or $219 to their tariff.
QCA chairman Malcolm Roberts said the increase was largely driven by a higher cost of wholesale energy and the solar bonus scheme payments.
Last financial year, household electricity prices increased by about 22 per cent or $260 a year. The July increase will see the average bill of $1407 jump to $1598.
“It is unusual to see the wholesale price rise like this,” Mr Roberts said.
Avoid the price rise
Install solar now! Contact us to find out how.