Price hikes and an uncertain energy market has already been having a crazy /negative effect or impact on businesses and their bottom line. With the top energy retailers Energy Australia and Origin predicting increase in power prices up to 14.9% and AGL announcing an increase of 9.5% for the Victorian market in January 2018, your business could be in for an even ruder bill shock.
Australia’s largest energy retailer AGL has announced plans to increase power prices in the new year. This comes on the back of a recent predictions from EnergyAustralia and Origin Energy, who recently foreshadowed new year default power price hikes of 14.4 to 14.9 per cent.
At a time when everything is traditionally (and sometimes literally) lit up like a Christmas tree, we want to ensure you don't get a shock when you get your next energy bill after Christmas. So as an early gift to you, we have put together a short list of some easy energy saving tips you can use over Christmas. These will help reduce your energy consumption and lower any festive bills.
Australian consumers will have more options under the new ‘Power of Choice’ regime announced by the Australian Energy Market Commission (AEMC). The changes, which took effect on December 1, 2017 will see electricity generators and distribution infrastructure owners lose their monopoly over the provision of electricity meters and allow retail providers to select their preferred metering technology and service provider, based on customer requirements.
Businesses across the nation are facing an uphill battle in the wake of increased energy prices. Since the increase, businesses have been hit with price hikes of up 120 per cent compared to the 20 per cent increase faced by households (www.news.com.au), and this figure is on the rise.
Renewable energy is a rapidly advancing global industry. With the use of fossil fuels in decline, many countries are pouring billions into research and development of renewable energy. The sector employed 9.8 million people in 2016 – a 1.1% increase over 2015. Solar and wind power are the largest sub-sectors, but hydropower and biofuels are not far behind.
Keeping the house running can be an expensive business and it's estimated that, in south east Queensland at least 25% overspend on energy. This can be for a range of reasons, from being on a tariff not suited to your usage to simply using too much.
When most of us think about pollution, we think about smoke and smog outside – but in reality, indoor pollution can be much worse. In fact, the Environmental Protection Agency has said that air inside homes can be up to five times more polluted than outside air. This is a problem as most Australians spend around 90% of their time inside, which means that they could be exposing themselves to dangerous toxins on a daily basis.
Deregulation promotes greater competition in the market and encourages more retailers to set up shop. This offers consumers the potential to buy cheaper electricity than was previously available under the highly regulated government run systems. If energy prices are re-regulated, retailers will have to offer customers a basic electricity service, at or below a price set by the regulator.
Do you wish your energy bills were lower? Utilities have never been more expensive in Australia than they are today. Fortunately, there are a number of low- or no-cost steps you can take to save money and help the planet.