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Canberra Today 18°/22° | Friday, March 29, 2024 | Digital Edition | Crossword & Sudoku

Power prices lowest in the land, says report

A RECENT report has revealed that Canberra has the lowest electricity prices in the country – with the average ACT household paying more than $1000 less in electricity bills than households in NSW.

The report, “Electricity prices in Australia: an international comparison”, from economics consultants CME focused on Australia’s electricity, gas and renewables markets.

According to the report, the ACT is ranked the cheapest of all jurisdictions in Australia and 21st out of 91 countries, states and provinces analysed.

“A typical annual household electricity bill in the ACT is between $1,332 and $1,418,” Deputy Chief Minister and Treasurer Andrew Barr said.

“This is more than $1000 less than that faced by people living in NSW, where a typical annual household electricity bill is about $2,484.”

Last week, the ACT Government announced new laws that aim to make electricity prices in ACT more affordable.

“The ‘Energy Efficiency (Cost of Living) Improvement Bill 2012’ will benefit approximately 70,000 households in the ACT, requiring electricity retailers, such as ActewAGL, to provide free or subsidised services to households to boost the energy efficiency of their homes, and to provide ongoing energy bill savings of up to $300 per annum by 2015,” Barr said.

To see the report, click here.

 

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