And that winter, when the temperature drops, electricity prices will be heavily rising across Australia. The Energy Regulatory Body ANTAC confirmed that increased supply costs alongside high demand were forcing household power bills higher, thus squeezing already tight budgets.
The Core of the Price Increase
The rise in electricity prices is predominantly due to wholesale energy price increases, infrastructure costing maintenance, and also continued volatility that causes hesitations in global fuel imports. Already, fixed charges and kilowatt-hour rates have been set by states for the winter season in some like New South Wales and Victoria.
Affecting Families’ Income Below the Middle Range
Any budget-conscious person will be the most affected here, especially when the use of heating systems is heavy during the cold days. Any family with little to manage might see an increase of hundreds of dollars into their winter bills unless these payments are measured closely with their energy consumption or they find some sort of financial aid.
Relief and Smart Use for the Energy Bills
Some of the households under aforementioned categories might be eligible for government rebates, like the Low Income Household Rebate and energy assistance vouchers. Simple things, such as limiting heater usage, sealing up drafts, and replacing any old appliances with energy-efficient ones, can go a long way to cutting down energy use during peak periods.
