AGL New South Wales Price Increases: The Devil Is In The Detail
Announcement posted by Energy Bill Doctor 14 Jun 2017
AGL New South Wales Price Increases: The Devil Is In The Detail
· Very High users to see over 50% increase when they use over 2000 kWh a quarter
· Off Peak and Controlled Load users across the state to see increases ranging from 21.7% to 63.5%
· Average increase for Sydneysiders 14.4%
· Western Suburbs hardest hit with average increases up to 17.7% for High Users
AGL price increases announced on Friday 9th June 2017 provide NSW consumers warning signs that the devil is truly in the detail.
Whilst the signal is that prices are increasing by the most the state has ever seen in one change, the detailed signs could be much worse for some NSW energy customers
Average Increases:
|
| Sydney and Surrounds (Ausgrid)
| Western Suburbs - Parramatta, Penrith etc (Endeavour)
| Country (Essential)
|
| Low
| 13.0% | 15.0% | 6.7% |
| Medium
| 14.3% | 16.6% | 8.3% |
| High
| 15.8% | 17.7% | 9.9% |
* Low user is 2750 kWh/year, Medium user is 5500 kWh/year, High user is 8250 kWh/year (Anytime usage customer)
** Comparison between Standard Rates last published on 27th April 2017 compared to rates effective from 1st July 2017
For very high users in Sydney, if they pay anything over $600 per/qtr they will see rates 52.6% higher. Looking at those extremes here are increases mapped to quarterly bill sizes:
Ausgrid Anytime Usage Customers Bill Increases
| Current Qtr Spend (rounded) | % Increase | Annual usage (kWh) | Current Annual Spend |
| $600 | 13% | 7480 | $2,400 |
| $800 | 23% | 11300 | $3,200 |
| $1,000 | 29% | 15120 | $4,000 |
| $1,200 | 33% | 18950 | $4,800 |
| $1,400 | 36% | 22780 | $5,600 |
Controlled Load users across the state will see rates rise anywhere from 21.7% up to 63.5%. A controlled load tariff is a dedicated circuit that might be in place for customers with underfloor heating, pool pumps, electric hot water heating systems and reverse cycle air conditioning units.
Tim Wolfenden, Managing Director at Energy Bill Doctor (www.energybilldoctor.com.au) “The energy market is not a ‘one size fits all’ environment – and these increases will impact everyone differently and uniquely.
Retailers pricing in the past has provided more competitive rates for higher users – that trend appears to be coming to an end – which means those users currently spending more than $600 a quarter will get hit hardest by this round of increases.
We’ve also identified that Controlled Load users will see up to a 63.5% increase – and if this is a trend across the Big 3 retailers, those customers are going to have to look hard about when, how and why they are using their energy tied to the tariff, and do everything they can to minimise usage.
It’s imperative that users start using less and paying less – make sure you have a discount or a fixed price deal with no lock in fees with your current retailer, or switch to one who will – then focus everyone in your home to use less and employ some sensible energy saving measures”
All press enquiries to:
Tim Wolfenden (Managing Director): tim@energybilldoctor.com.au 0430 641 786
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