Electricity Bill Relief For Baulkham Hills Households

Member for Baulkham Hills David Elliott today welcomed the news that Baulkham Hills households and businesses can look forward to a further easing in power costs from July, as the NSW Government’s reforms to the energy sector take hold.

 Mr Elliott said the average electricity price decrease of 0.24% is good news for customers in the Eandeavour Energy network area who have long-suffered under Labor’s double-digit price hikes.

 “The NSW Government has been working hard to bring spiralling power prices under control through network reform,” Mr Elliott said.

 “After experiencing power price increases of more than 60 per cent over five years under Labor, it is expected that 1 July 2014 will be the first time since the turn of the century that households will experience two successive annual reductions in power costs, in real terms.”

 “The pricing proposals lodged last week by the three network businesses – Ausgrid, Endeavour Energy and Essential Energy – show that the NSW Government’s reforms are working to take some of the pressure off businesses and deliver cost-of-living relief to hardworking NSW families,” Mr Elliott said.

 Mr Elliott said Endeavour Energy had submitted a prudent investment proposal that will keep their network safe and reliable, while keeping their share of customer electricity bill increases to CPI or below.

 “If Federal Labor would now get out of the way and allow Tony Abbott to abolish the carbon tax, price relief for NSW households in 2014-15 would be even greater – up to 10 per cent,” Mr Elliott said.

 “The Liberals & Nationals Government will continue to drive down the cost of electricity for households and businesses across NSW.”

 Last week the three NSW electricity distribution businesses lodged their investment and pricing proposals with the Australian Energy Regulator. The plans show capital spending by the networks over the 5-year period to 2019 is down by 39 per cent compared to the period 2009-14.

 Since the electricity network accounts for about half of household electricity bills, the submissions will have a major downward impact on the electricity bills of households and business, if they are accepted by the AER.

 Following an initial savings target of $400 million, the three businesses have achieved total savings of $1.1 billion in 2012-13, with projected savings of more than $4.3 billion over the five years to 2015-16.

 

Table: Electricity bill impact from distribution network charges for typical household and small business customers ($ nominal)

  Typical Customers Annual bill 2013/14 ($ p.a) Annual bill 2014/15 ($ p.a )

Change ($)

Change (%)

Endeavour Household (6MWh)

$705.58

$703.87

-  $1.71

-0.24%

  Small business (26 MWh)

$2,375.35

$2,369.60

-  $5.75

-0.24%