There is no doubt that the continuous rise in electricity prices is a concern for all Australian households. As mentioned by the Chairman of the Australian and Competition Consumer Commission (ACCC) Rod Sims, this is a result of a flawed set of industry rules. Suggestions were made to fix network prices appeal processes to take into account price impacts, and merit reviews.
Further to this, inflation figures shown have reflected a 1.4 per cent rise in the consumer price index (CPI) in the September quarter, with electricity contributing the highest rise of 15 per cent, partially due to the introduction of the carbon tax.
Whilst climate change minister, Greg Combet has said that the rise in figures is less than estimated, it is inevitably, extra costs that Australian households must bear. True Value Solar, Australia’s largest solar company, recommends households to fight against the rise in electricity prices and reduce dependence on the electricity grid.
A solar power system installation can allow households and businesses to generate their own electricity directly from the sun. This will reduce the need for fossil fuel generated electricity, and in turn, reduce electricity bills. Sign up with Australia’s largest solar company today.
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