Electricity Rates

Electricity Prices, Electricity Costs

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The fastest way to connect to electricity

There are different things that you need to consider in order to make the most of the electricity resources that is supplied for your home or for the office. These days, you can find many people who are becoming really conscious about saving the electricity and other energy resources that we are using in our day to day life. If you are also looking for the same sort of thing, then you should know the ways that can potentially help you in reducing the electricity cost while reducing the use of energy at home or at the office. There are really many things that you can find now in order to save more on the electricity bills. You can really find several tips and strategies now which are all set to help you in this regard while allowing you to get the most convenient means of lowering the energy bills.

Keep in mind that it’s your hard earned money and at the same time saving more energy can really help you in saving the environment to a great extent. There are also people who are not really keen to research more online to get these tips. Why? Well, these people prefer to take help of the professionals in this field like the electricity brokers instead of researching more about the ways to save money on their energy bills.

This can lead the way for you to connect to electricity in a fastest manner. This time you can really take advantage of the internet in order to get what you want in terms of choosing the best electricity broker located close to you. In Australia, getting the right names in this business is never going to appear as a big task before you.

Keep in mind that there are many electricity brokers you can avail in the market. But choosing the right one always depends on your budget and requirements. The electricity broker you will chose to connect to the electricity quickly always depends on few aspects. Your selected service provider should work as per your requirements while suggesting you about the options that can help in saving more energy. This will ultimately help you to save more the energy bills. If you are looking for the fastest way to connect to electricity, then the electricity broker can help you a lot in this regard.

They are also offering personalised service to their clients so that you can receive required amount of energy for your office or for home. This is what exactly helping customers to make the right use of electricity at their home and offices and also allowing them to enjoy a low electricity bill further. If you really want to enjoy all these benefits and wish to connect to the electricity quickly, then take help of electricity broker now. This can make a huge difference for you and for the environment as well.

Electricity retailers in Australia!

For consumers that have total sell competition in Victoria, New South Wales, South Australia as well as the Australian Capital Territory, you have the liberty to evaluate electricity retailer to find out the most reasonable rates accessible within your region. There are also comparing websites and brokers where you can compare different electricity retailers. Even if you’re presently content with your power rates, it does not damage to exercise your liberty of choice. The power market is always changing and costs fluctuate frequently. By taking a time to compare power retailers you could make sure that you’re locked in a great rate on every quarterly power bill. Relying on what state you reside, you might have up-to fifteen diverse electricity retailers accessible to you.

Comparison between different power retailers can offer you the best deal on your quarterly electric bill:

Well, the wholesale power market within Australia is operated by the NEM or National Electricity Market, controlling up-to fifty percent of the power costs paid by business and homes for yearly energy. On peak of that, additional charges might be incorporated to consumers account in the means of market charges, service fees, retail charges, network usage as well as GST. For such cause, power rates could differ greatly from one state to another based on demand and supply, market progress, and extra service fees from power sellers. Once you get benefit of free quote for comparing power sellers in Australia, you’ve the choice to control suppliers as well as alter the sellers that handles your periodical bill for your consumer account. While you make the poles, wires, switch, meters and the kind of electricity forwarded to your house won’t change anyway. Most importantly, this power supply remains reliable and stable no matter which power retailer within Australia you select to control your account.

Take advantage of expert power comparison service:

Although your electrical energy will remain the similar, power retailers in each state of Australia offer different options when it is all about:

  • Consumer service quality
  • Payment plans
  • Gas and electricity rates
  • Discounts and specials
  • Green power
  • Terms and conditions

This is the reason why you should take advantage of expert power brokering services, accessible at no cost to you. You could compare energy providers in your region to select cheaper rates, superior payment plans and also take benefit of special discount when available.

Australia ranks fourth on Global Renewable Energy List

As per a study done by Ernst and Young, it was revealed that for investors across the globe who are looking to invest in the renewable energy sector, Australia would be the fourth most attractive option. This result was revealed by the Renewable Energy Country Attractiveness Index. The global investment in the energy sector within the US was recorded at $269 billion in 2012, which meant that since 2004, the overall investment within the renewable energy sector had increased by five times. The primary influences for this, as stated by Ernst and Young stated were regarded to be the demand for energy, the costs of technology, the availability natural resources, as well as global and financial competition.

Australia was placed just behind the United States, China and Germany on the Renewable Energy Country Attractiveness Index, which chose Australia primarily because of the massive levels of activity that took place in the renewable energy sector within the country, as well as the rapid growth by which the renewable energy sector reached its maturity. The amount of interest shown by companies to invest in the Australian renewable energy sector was obviously an important factor in the calculation of the index.

More importantly, the Bloomberg New Energy Finance was cited as being the founder of the following statistics:

Electricity generation from wind energy  are comparatively cheaper, with around 18 percent less costs than what a consumer would pay for electricity generated from gas and coal. Also, wind energy is around 14 percent cheaper than the newer oil and gas plants. The tenth edition of the RECAI< has introduced a lot of different factors in order to revise its results and provide a more calculated solution, and accurate set of results.

Drivers that had an impact upon development were obviously regarded, while the maturation of the renewable energy sector also played a major part in the rankings. The new methodology used by the company enhanced the amount of focus that the renewable energy sector has upon the overall production of electricity, as well as the supply and demand, the significance of using carbon housing or decarbonization techniques, introducing more cost competitiveness and to make sure that he countries that were chosen were politically stable and economically stable, and the individual markets within these countries were also stabilized.

The Minister for Climate Change, Greg Combet had stated that by the year 2020, around 20 percent of the total electricity produced within Australia would be done via renewable sources of energy, and he had said that the total production of electricity from renewable sources of energy should be up to 41 TWh. The report by Ernt and Young cited this and stated that so far, it is likely that this is what is going to happen, considering that the country is on track to become around hundred percent reliable on renewable energy by the year 2030. However, at present, around 14 percent of the total electricity bill of an individual is comprised of renewable energy sources.

Clean energy the solution to gas troubles

The price of electricity and gas  has reached an all time high, while the prices of gas are also on a rise. This was the judgment drawn by the pricing regulator in New South Wales in the previous month. This conclusion also confirms the one thing that power generation companies have realized for a significant period of time- this is the beginning of a very bad phase for residents and business entrepreneurs who are residing in Australia. This extensive increase in prices of a basic commodity such as gas has begun to have a dire effect on people who use gas for cooking and heating purposes, while manufacturers and other business entrepreneurs are also finding it difficult, because on top of having to suffer from the rising rates of the Australian Dollar, they now also have to worry about whether they can afford the prices of gas and still remain in profits.

The average bill in the state of New South Wales is expected to increase by a total of 9 percent in the next year. The sad news is, that this rate is likely to keep on increasing in the near future, as shown by the report issued by the Independent Pricing and Regulatory Tribunal. Add to the fact that it is expected that that prices of electricity can be increased to triple the prices that are charged at present in the next ten years, especially since most gas companies are selling off their gas to other countries, and the picture of the Australian energy market doesn’t look too good.

Countries such as Korea, Japan and China have also increased their purchases, especially since they are not very well endowed with the renewable energy resources compared to a country such as Australia, and as a result, local producers are able to gain a lot more money by selling off their gas off shore rather than at home. The fact is, other countries want the gas produced by Australia, and they are ready to pay big money for it too.

Maxing out the benefits from the large reserves of gas that are available in Australia while having to pay a minimal amount of money for the prices of electricity in Australia has made it very difficult for the policy makers to come to a solution, since finding one is not very easy.

The government also is not ready to intervene in order to give subsidies to local producers of gas, so that they can sell the gas to local consumers at lower rates. However, there is a basic solution to this major problem.

First of all, by adopting energy smart technology, we can bring about a significant decrease in the consumption of electricity, and secondly, by increasing our reliance on renewable sources of energy, we will be able to reduce the overall prices charged by electricity companies and bring about a reduction in peak demand as well.

Reduction in power demand reduces emissions

Power demand is falling throughout Australia, and particularly in the New South Wales. This sudden drop in demand now means that the amount of electricity produced via coal and gas fired generators is at an all time low, which also means that the emissions of carbon and other by products from these industries, that leave a harmful effect on the environment have also been significantly reduced. With the amount of electricity that is being generated from renewable sources of energy such as hydropower and solar energy increasing, the drop in carbon emissions has been estimated at around 10 million lower in comparison to what it used to be when the carbon tax was introduced throughout Australia.

Compared to the June of last year, it was estimated by a report published by Pitt and Sherry that the overall emissions of carbon in the atmosphere had fallen by an alarming level of six percent, which can only mean good news for the environment. As mentioned above, more and more people are now opting for renewable sources of energy in order to prevent paying the excessively high electricity and gas bills, and no doubt this has played a huge part in making sure that the emissions be lowered significantly.

The contribution made by coal powered generators is now at its lowest point, standing at around 74.6 percent, while the contribution made by solar energy systems and hydro- electricity has claimed a record high, contributing around thirteen percent of the total electricity that was generated in Australia. Electricity contribution from gas powered generators stood at 12.6 percent.

Since last June, power generated from the Snowy Hydro Company has risen by around 57 percent, while the hydro system of Tasmania has now begun to supply 25 percent more electricity on an overall basis. However, the growth in hydro electricity generation is likely to register a decrease in the near future, as drier conditions are about to set in throughout the south eastern region of Australia, which prevents the overall run off to the dams. The main consultant at Pitt and Sherry, the company that compiled the report seconded this fact by saying that since drier conditions are expected throughout regions of Australia, the growth in hydro electricity generation wouldn’t be able to sustain itself over a longer period of time.

Another thing that was pointed out from the report was the continuing demand for electricity throughout the New South Wales. As the electricity prices have risen rapidly, more and more people have begun to get solar rooftop systems installed in their houses, and as a result, do not feel the need to be signed up with conventional energy companies, which is ultimately resulting in the lack of demand. With over one million homes now being powered by solar rooftop systems and this number likely to increase rapidly in the future, the chances are high that electricity demand from conventional power companies will register a further decrease over the coming years.

Increase in electricity prices could ruin businesses

The business community of Queensland is trying to prepare itself mentally for yet another increase in the overall costs of electricity. It is expected that the prices of electricity are going to increase by a figure of 22.6 percent come May, a figure that is likely to make it very difficult for businesses to carry out day to day operations and work on the same level of efficiency that they used to before the price hikes took place. These sentiments have also been put forth by the Chamber of Commerce and Industry of Queensland, which has stated that it holds ‘grave conerns’ over the impact that these price hikes are going to have on the everyday business of the region.

The viability of a number of different businesses within Queensland is going to be threatened as a result of these prices. Most of the companies and larger businesses are already paying up to 300 percent more electricity bills, a price increase that took place in the best part of four years. We have already seen some top of the line businesses pull down the shutters on their operations as a result of the increasing price hikes, with businesses such as Xstrata, CTE’s Industrial and Protective Clothing, Geon, Heinz and Amcor, etc.

The sad part is that these closures do not even paint the full picture for people who wish to understand the impact that the price hikes are having on the business industry. The problem is, whenever a key business announces that it is closing its operations within a city, up to a hundred other businesses that are directly or indirectly linked to that key business also pull down their shutters once and for all.

Data received from ABS Official stated that around 60, 149 businesses were closed in Queensland in the year 2011- 2012, with the business population facing a net reduction of 2, 032 business entries. The business community is slowly becoming numb to the lack of commitment shown by the government towards the business industry, and in a statement put forth by the Chamber of Commerce and Industry, it has been stated that any suggestion that tries to justify the price hike as being reasonable is not even remotely connected with the true reality of doing business in this area.

The Chamber of Commerce and Industry in Queensland has stated that the primary issue that is going to arise is for businesses whose electricity costs are higher than their operating costs, such as storage and refrigeration based businesses. For such businesses, it is impossible to bring about a reduction in their use of electricity any further, and hence the only option available is closure.

The Chamber of Commerce has also stated that the increase in prices has had a significantly more damaging impact as compared to the residential sector. The Chamber has also given a set of important recommendations that need to be followed in order to reduce the impact of the price increases.

Zero Emissions Power is a possibility in Australia

Reducing the total emissions of carbon on a global level is crucially important. A reduction of 50% is required by 2050 in order to bring about real change. For countries that are well developed, this would ultimately translate in to reductions in carbon emissions of up to 80% over a considerable period of time. In layman’s terms, it means the effective removal of carbon from the whole energy sector throughout Australia. Numerous studies have been undertaken in order to give an answer as to how this can be achieved, and even though different approaches and techniques have been followed by these companies, the results are generally quite similar to each other.

Studies done by Beyond Zero emissions and the Center for Energy and Environmental Markets at the University of New South Wales has given a range, setting it at $100- $1 73 per MWh, generally dependent upon the assumptions of technology and cost. More importantly, a draft of the 100% Renewables Report was released by the Australian Energy Market Operator, which brings the cost of the system to around $111- $133 per MWh, ranging across four different approaches with different cost projections and varying timelines.

All of the studies mentioned above have their own problems, and they cannot be said to include every detail, yet all the cost projections generally range between $100 – $170 per MWh for 100% renewable systems. At present, the wholesale prices revolve around $60/ MWh, which means an increase is expected of around $40 to $110 per MWh.

For retailing customers, this is similar to an increase of somewhere between 4 and 11c per kWh. Since most of the customers at present generally pay 25c per kWh, this would ultimately translate in to a rise of around 16 to 45%, a pretty modest figure when we consider the fact that the retail prices of electricity have increased by up to 30% since 2008, mainly due to the increased transmission costs as well as the rising costs of distribution.

This result can be presented in a couple of ways. First of all, the cost of energy production is likely to be raised by a factor of 3. Or the other way to state this is to say that the increase falls in line with the price increases that have taken place recently, however it will certainly not spell out the end for most of the residents of Australia.

Numerous factors were taken in to account by the Australian Energy Market Operator in order to give out its price indications. For instance, a number of different power generation techniques were incorporated in to the study in order to find out the effect of each, such as hydro power, solar energy and wind energy. Secondly, another important factor was the peak demand experienced by different areas of Australia, and how it had an overall impact upon the rates of electricity, hence incorporating every factor that affects prices of electricity.

More is Good Most of the Times

A recent report on the solar PV generation suggests that Australia may be producing as much as 10GW of solar power by 2017. The surprising element in the report is that it makes an explicit mention of the fact that contribution by owner-occupied houses may reach a “saturation” point.

Another forecast of the production capacity of solar PV by the leading market analysts Sunwiz and Solar Business Services states that the Australian solar PV market – currently at 2.5GW – will likely grow to between 6GW and 10GW by 2017.

Is it a good thing or not? After all we all are used to the fact that “more is good”. As the report suggests that in some areas of Australia the owner-occupied houses contribution may be reaching an upper limit of 90%. It concludes with caution that penetration rates in the range of 50 per cent and 75 per cent are “entirely probable” for the whole of the country by the year 2017.

For the first time in history we see that the entire electricity market is ready for a radical evolution which no doubt will change the fundamentals. Be it energy generation for commercial and residential. It will have a drastic impact on ownership, which will definitely lead to changes in profit structure, which will alter the competition and pricing – and the leading role in all of this being played by none other than solar PV.

One of the important messages to take from this for the Government, with the market reaching “sustainability levels” Government will find it more easy to roll back it’s subsidies to the communities and industries which will save precious taxpayer money and make it available for research and other useful venues.

We see this trend Internationally as well, with America and Europe now heading in the direction of reliance on renewable sources of energy rather than natural energy based solutions. According to NPD Solarbuzz Australia is right up with other developed countries including Japan, Germany, Italy, and the UK, who depend upon their residential market to supply solar PV.

Some experts disagree that this trend of owner-occupied solar PV energy contribution may not continue because of the “low-hanging fruit” has already been picked. The effects of price reduction, rebates and other incentives have been factored in and going forward they’re very few incentives for existing consumers to carry on new installations.

Time will be the best judge of things. But so far it has been a win-win situation for the consumers and the markets. As the Australian economy grows and as the hard working people of Australia put their energies and investments in new and innovative ideas; rest assured that the demand for energy will keep increasing with supply also following suit.

We may be experiencing a market correction, which may make matters a little confusing for the time being. But in the long run, we need not to worry that our collective actions may counter act against our interests.

Why Electricity Conservation is So Important Today

In the modern age, we all depend heavily on electricity supply. Electricity conservation is highly important due to the drastically diminishing energy resources. Every gadget and appliance we use needs electrical power. We all feel a major pinch when we see our electricity bill. It is really worth it to take a few steps for conserving electricity. The way we use electricity is not really feasible but it is easy to rectify mistakes by understanding the concept of electricity conservation and the steps we need to take in order to achieve it.

Effects On Our Planet
One of the major effects of using up natural resources at such a fast rate is global warming. Our cumulative actions have been responsible for increasing our planet’s surface temperature. Slowing down this drastic use of energy will depend on the collective action of people around the world. Heat and electrical energy should be cautiously used. This approach towards the usage of energy resources can help us minimize global warming and one of the best places to start is with electricity conservation. Saving electricity is vital due to the role it plays in the decrease of carbon dioxide which is released in our atmosphere when electricity is generated. Electricity conservation is a definite approach all of us should consider if we wish to live in a cleaner environment.

Other Benefits
With electricity conservation some of the other benefits that we can enjoy are a cleaner environment, monetary savings and much more. There are various ways in which we can reduce power usage at home so that the cumulative result will take a very positive turn. There are various economic advantages associated with electricity conservation and these advantages can be a real bonus considering the economic crisis families across Australia are going through today. There are various common, easy and simple things we can do each day to save electricity at home.

Steps to Be Taken
One of the first places to start is the living room where most of us keep our television sets. It is recommended that the set should be switched off not just with the remote but should be unplugged from its wall outlet. When the TV is only switched off with the remote it would be in a standby mode. This means that the TV will continue to use energy. The same principle also applies to our cell phone chargers and these should also be unplugged from the outlet when not in use. When possible we should avoid using the air conditioners and use the ceiling fan in order to minimize our energy usage. Instead of central heating or cooling, area specific cooling or heating with split units is recommended since it utilizes less electricity.

Another step is using CFL lights since they are more energy efficient and a better alternative to fluorescent bulbs. The refrigerator also consumes a lot of energy so it is best to invest in an energy star refrigerator. All of these simple and easy steps such as turning off bulbs in the house when not used will contribute towards electricity conservation.

Electricity Rates And Market Contracts

The opportunity of comparing electricity providers and electricity prices is not a very new development in Australia’s energy market. Homeowners who have never changed their electricity suppliers in the past are likely to be on a deemed contract.

About Deemed Contracts And Market Contracts

A deemed contract means that you will be paying the government regulated, standard electricity prices. With full retail competition being introduced in most parts of Australia, you can now potentially be making significant savings simply by comparing various electricity providers and their plans and switching to a cheaper plan, known as a market contract. A market contract can either be with a new or current supplier or electricity provider.
Under market contract, electricity prices that you pay would generally be regulated by the government. However, most retailers tend to set their rates lower than the regulated prices. In an unlikely event that the supplier increase their prices over the regulated price then you will also have the ability to transfer to other retailer at a regulated price. This is known as a standing contract.

Why Market Contracts Have Become So Important

Although the electricity prices in the country are still low when compared to some of the other countries in the world, this situation is believed to change quite quickly. The Territory and State governments might consider removing the price caps. With growing petrol prices, food prices and interest rates on mortgage it makes more sense today to consider market contracts by comparing various electricity suppliers and their rates. Throughout the country, homeowners are feeling the sting of the rising energy rates. In Southern Australia, households paid an average $446 more in 2011 alone on utility bills!

Electricity Savings

There are two basic ways in which users can make savings. The first method is through cost savings by switching to a supplier that offers lower electricity rates. This saving can add up really quickly since a major portion of your electricity bill depends on your current rate. Discounts and prices can vary according to the supplier but switching remains a very smart and effective way of enjoying savings on electricity bills. This is one of the methods that a lot of homeowners in Australia are turning towards today.
Another option is environmental savings. These savings can be realised by switching to plans where the electricity has been sourced from a renewable source of energy. You may already have green electricity plan at home but you can always upgrade to a plan which is greener without having to spend any more money. Several websites today offer GreenPower rating information on every electricity plan in your area. This green rating will show the part of your electricity that has been generated through renewable energy accredited by GreenPower. Electricity plans are generally classified as being anywhere from 10% Green Power to 100% Green Power. More than 750,000 households in Australia have signed up to these plans today to make a huge contribution towards reducing the carbon emissions of the country today.