Vic power bills to rise $80 next year

Written By Unknown on Rabu, 19 Desember 2012 | 13.23

VICTORIAN families will pay an average of $80 extra for electricity next year, with the national energy regulator unveiling new network tariffs in an early Christmas stocking shocker.

Customers will pay around 16 per cent more on average for electricity network transmission and distribution costs next year, the Australian Energy Regulator (AER) says.

These costs make up between 30-40 per cent of household electricity bills, and will see retail tariffs climb around five per cent, an $80 increase on an average household bill of $1900, the regulator said in a statement.

The network tariffs will effect all five of the state's major electricity providers, and are chiefly designed to recover the costs of transporting power along low and high voltage power lines, the AER said.

The increase also factors in annual transmission network charge hikes, payments for solar power tariffs, and the Australian Competition Tribunal's allowance for networks to claim higher allowances for debt costs and bonuses for network improvement, it said.

Powercor and SP AusNet's new charges will include additional costs for bushfire-related safety upgrades.

The new tariffs will include flexible time-of-use charges from July 1 for Victorians with smart meters installed at their homes.

SP AusNet has the highest network tariff increase, with 31 per cent, equating to about an average of $180 per household.


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