Not seen any evidence of this 35% price drop. The VIC default offer did not drop by this, nor did my daily tariffs or per kwH charges (and I spend a lot of time getting best deals each year). Only thing dropping by this was solar feed in & that's worse.
btw: 'once off' gov bill credits don't count.
Just crunched the numbers on our exact yearly kwH usage.
Based on selecting absolute cheapest pricing available : came off Lumo TOU plan in 23/24 - moved to Tango SR for 24/25.
There was a 6% increase in price for EXACT SAME kwH usage. So this claim of 35% drop is categorically incorrect.
The biggest factor impacting this 6% increase was the FiT rate which dropped by 23% for the 2 periods. This outweighed the 9% per kwH change to default offer (which had less discount available too). Note: daily supply charge increased by 2% in this period too.
It is possible for households to access wholesale prices via energy retailers like Amber, so the drop in these prices is directly relevant. These drops will flow into standard retail prices soon enough, there is always a lag.
Nope, my plans were signed up 2 months after the default offer was locked in. There's no lag & the default offer to sign up interval was the same for both years for me.
Amber is not a realistic prospect for majority of consumers as it doesn't offer predictable costs & you are also subject to spikes.
Price drop - never reached the users. It's the other way around. Rubbish export tariff but sky high peak and off peak rates. We are helping their profits.
The ABS figure includes the govt rebate. But I also suspect that with less competition regional retailers arenβt passing on reductions in wholesale costs
Sigh. I regularly look for cheapest supplier. I'm paying $1.45 a day connection fee and $0.34 per kWh. Cheapest available. Please stop letting your Albo worship get in the way of reality. And the reality is the residential consumer has seen nothing near the reduction you're ballooning about.
We're locked into a contract that used to pay well, but now the charges are so high they take a good percentage of our feed-in. We haven't changed because we'd get even less credit anywhere else, and Origin knows it. Bastards.
They would have fallen a lot more in fully renewable South Australia if over half the money didnβt go overseas as profit to the companies that were given the entire infrastructure for a tenth of its estimated value
Comments
Logic and honesty are foreign to his small mind.
A truly rotten person, brought up wrong and never learned a fucking thing his entire woeful life.
Incapable of being taken seriously.
btw: 'once off' gov bill credits don't count.
Based on selecting absolute cheapest pricing available : came off Lumo TOU plan in 23/24 - moved to Tango SR for 24/25.
There was a 6% increase in price for EXACT SAME kwH usage. So this claim of 35% drop is categorically incorrect.
So this is the actual 'inconvenient truth' - the *real* Electricity prices went UP by 6% not down by 35%.
Whatever happened at wholesale is irrelevant, it's what consumers are paying - resellers making larger % is an even worse outcome.
Amber is not a realistic prospect for majority of consumers as it doesn't offer predictable costs & you are also subject to spikes.
Good news on the reduction, however.
PS I don't think any of the Big Parties had / have ANY influence over the Fossil Fuel Industry. It's not really a political issue. π