Energy bills soar in shift from coal power stations
The Australian
Kylar Loussikian
4 January 2017
Electricity companies have begun hiking consumer prices around the country, blaming the closure of coal-fired generators and the increased cost of renewable energy for higher-than-predicted increases of more than $130 this year.
EnergyAustralia and AGL have increased electricity tariffs in Victoria by $135 and $132 on average for the year respectively — greatly exceeding state government modelling that concluded bills would rise by $27 to $100.
The Victorian price rises will flow from this week but the companies’ customers in other states, including South Australia and NSW, face a yet-to-be announced price rise in June.
Red Energy, the retailing arm of Snowy Hydro, informed customers in NSW its rates would increase this week because of “increases in the wholesale cost of electricity and the large-scale renewable energy certificates”.
Some tariffs were raised by almost…
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