Electricity Price Increases in New South Wales
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NSW electricity bills are set to increase by up to 64% over the next 3 years.
The electricity price hikes in New South Wales are set to increase the average electricity bill from $577 to $918 a year by 2013. The NSW government is blaming the federal governments proposed carbon pollution reduction scheme (CPRS) and rising infrastructure costs for the price increases.
Whilst rebates are in place to help protect low-income households, the average household will be expected to bear the brunt of these dramatic price increases.
With the prospect of a 64% increase in electricity prices, many NSW home owners are now looking for ways to decrease their electricity bills.
If you too are concerned about these price increases, here are some ways to reduce the impact on your hip pocket:
- Insulate your home- Can cut up to 40% off of your heating and cooling bills.
- Get solar panels- The NSW government will actually pay you 60 cents for every kw hour that you produce, even for the electricity you use in your own home!
- Install a solar hot water system.
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