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In the news: increases in energy and water prices
Note: EWON does not have jurisdiction over energy or water pricing. The following information is sourced from IPART (Independent Pricing and Regulatory Tribunal), visit www.ipart.nsw.gov.au
Electricity price increases for customers on standard contracts
Regulated prices will rise by an average of 8.5% including the effects of inflation for customers of EnergyAustralia and Integral Energy. Customers of Country Energy on regulated retail prices will see an average increase of 4.8%. These increases comply with IPART’s determination of retail prices for 2007–2010 which was released in June 2007.
A typical residential customer of EnergyAustralia or Integral Energy on regulated tariffs can expect to pay around $1.40 to $1.70 more per week for electricity from July 2008. A typical customer of Country Energy can expect to pay $0.60 to $0.80 more per week.
These increases apply only to customers who have not entered into a negotiated retail supply contract and are supplied by their standard retailer – EnergyAustralia, Integral Energy or Country Energy.
Price increases for AGL and ActewAGL gas customers on standard contracts
IPART has determined that average gas prices will increase by $0.75/GJ (5% increase) for AGL customers in NSW and ActewAGL customers in Queanbeyan and the Capital Region. IPART advised that these price increases arose from special circumstances relating to securing sufficient supply of gas for the Sydney and ACT market for the winter of 2008. The price increases apply to customers on regulated tariffs only (ie on standard form contracts) and came into effect on 1 April 2008.
Price increases for Sydney Water customers
IPART has released its final report setting out the prices that Sydney Water can charge for water, sewerage and stormwater services for the four years commencing 1 July 2008.
In the first year of the determination, bills for water and sewerage services will increase by $126 or 17% for households consuming the average amount of
200kL of water a year. This amounts to an increase of $2.42 a week. For households consuming 200kL per year, the total bill will increase by $245 (plus inflation) per year by 2012.
This increase is made up of:
- $103 for the costs of the desalination plant;
- $63 for renewal of and additions to existing infrastructure to meet service standards;
- $60 for improving financial viability; and
- $19 will be directed to recycled water projects.
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