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The Rise of the Electricity Bill

the rise of the electricity bill bundl. www.bundl.com.au % electricity prices have increased NSW distribution areas over past 3 years 19 39 50% $26 5 7 yearly Cost of 2011-2012 bill 49% AusGrid 2056 (estimate - based on Essential 7500 kWh peak only) |1812 44% Energy 35% Endeavour Energy VIC distribution areas 39% 2,184 47% $2090 33% 41% $154 1 $ 19 319 Powercor SP AusNet 33% 15% $12 010 $ 2210 $ 179 4 35% 28% 28% 33% Jemena United Citipower Energy not all plans were created equal cheapest plan most expensive plan $1300 $1600 $1900 $2200 $2500 Sydney & Hunter AusGrid $1368 difference = $1027 $2395 Illawarra Endeavour Energy $1501 difference = $1115 $2616 Country NSW Essential Energy $1843 difference = $883 $2726 Melbourne United Energy $1528 difference = $540 $2068 Melbourne $1576 difference = $636 $2212 Jemena Melbourne Citypower $1404 difference = $552 $1956 Country VIC $1580 difference = $588 $2168 SP Ausnet Country VIC Powercor $1664 difference = $528 $2192 Brisbane & SE QLD $1506 $1703 Adelaide & SA $2031 difference = $597 $2628 where does your electricity bill money go? before carbon tax after carbon tax ELECTRICITY BILL Network Costs Costs from getting electricity from source to customer via transmission and 52% 50% distribution networks Energy Costs Costs of purchasing electricity from generators on the wholesale electricity market 25% 31% Thank ier tuppr Austraban o and Gpetated tonpany Payment slio Retail Costs 10% 11% Costs of running the retail business (call centre, billing, etc) Sack 8% Carbon Tax ఇ Green Costs NSW data Costs of complying with state and federal green schemes % electricity prices increasing July 2012 predicted increase caused by the carbon tax NSW data 1.45 c/kWh Network Costs (8.4%) $109 per Incréase year 18.1% Green scheme (0.3%) Retail costs (1.2%) household spend on electricity 4% 8% Carbon Price (8.9%) of income for average of income for low income households households above percentages do not add up because wholesale energy coste decreased 0.8% # of people SWitching electricity suppliers each month % of people that switch electricity suppliers each year 60,000 28% 26% 50,000 VIC 40,000 |20% NSW 15% 30,000 QLD 20,000 10,000 VIC SA NSW OLD SA Annualised transfer rate taken from May 2012 switching data May 09 Jan 10 Sep 10 May 11 Jan 12 Sep 09 May 10 Jan 11 Sep 11 May 12 sources (top to bottom) Australian Energy Regulator "State of the Energy Market Report 2011" Plana found using respective state regulators' (NSW = IPART, VIC = ESC, SA = ESCOSA, QLD = QCA) webeite on 05 June 2012 IPART "Factsheet - consumer summary of final decision - June 2012" IPART "Changes in regulated electricity retail prices from 1 July 2012 - Final Report June 2012" Expected carbon tax increases from Philip Wild, Paul Bell & John Foster "The impact of carbon pricing on wholesale electricity prices, carbon pas8-through rates and retail electrcity tariffs in Australia" (University of Queenaland) Switching data from Australian Energy Market Operator bundl. all calculations based on 7500 kWh peak power only find out how much you can Save on electricity at WWw.bundl.com.au copyright Bundl.com.au Pty Ltd free to distribute under Creative Commons License

The Rise of the Electricity Bill

shared by jason_scotty on Jun 13
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Consumers are confused and frustrated by rising electricity costs. This infographic simplifies electricity pricing matters into a format that readers can easily digest and understand. The focus is...

Publisher

Bundl.com.au

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Jason Scott

Category

Economy
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