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More bad news for NSW household budgets

Friday, April 16th, 2010

Following hot on the heels of the recently announced 46-64 per cent electricity price increases over the next three years, IPART today issued its draft report on proposed retail gas price rises over the next 3 years.

The bad news is that NSW gas rates will be going up, adding to the pain of skyrocketing electricity charges. The “good news” is that the proposed increases will range only from 4 to 6 per cent per annum.

For AGL, which has the majority of gas customers in NSW on regulated tariffs, prices for a
typical user will increase by around 3 per cent from July 1, 2010 and by a total of 12.4 per
cent over three years (including inflation). Rises in network charges make up around 60
per cent of these increases.
A typical AGL residential annual bill will increase by $18 from $618 to $636 in 2010-2011,
and to $694 in 2012-13, a total increase of $76 over three years.
For Country Energy customers, prices will increase by around 8 per cent from July 1, 2010,
and by a total of 17.5 per cent over three years (including inflation). Rises in network
charges make up around 80 per cent of these increases.
A typical Country Energy residential annual bill will increase by $47 from $573 to $620 in
2010-11, and to $673 in 2012-13, a total increase of $100 over three years.
For Origin Energy customers, prices will increase by around 9 per cent from July 1, 2010,
and by a total of 17 per cent over the three years (including inflation). Rises in network
charges make up around 30 per cent of these increases.
A typical Origin Energy residential bill will increase by $34 from $380 to $414 in 2010-11,
and to $446 in 2012-13, a total increase of $66 over three years.
For ActewAGL customers, prices will increase by around 3.5 per cent from July 1, 2010 and
by a total of 12.3 per cent over the three years including inflation. Rises in network
charges make up around 85 per cent of these increases.
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A typical ActewAGL residential bill will increase by $20 from $583 to $603 in 2010-11, and
to $655 in 2012-13, a total increase of $72 over the three years.

The majority of NSW households, which reside in the AGL NSW network area, will see prices increase by around 3 per cent from July 1, 2010 and by a total of 12.4 per cent over three years. Rises in network charges comprise around 60 per cent of the increase. The result is that a typical residential bill will increase by $18 from $618 to $636 per year in 2010-2011, and to $694 in 2012-13, a total increase of $76 over three years.

Customers in the Country Energy network area will see rates go up by around 8 per cent from July 1, 2010, and by a total of 17.5 per cent over three years. Increased investment in infrastructure makes up around 80 per cent of the increase. The result is that a typical household annual gas bill will increase by $47 from $573 to $620 in 2010-11, and to $673 in 2012-13, a total increase of $100 over three years.

Customers in the Origin Energy network area will see gas tariffs increase by 9 per cent from July 1, 2010, and by a total of 17 per cent over the three years. Rises in network charges make up only around 30 per cent of these increases. A typical residential gas bill will increase by $34 from $380 to $414 in 2010-11, and to $446 in 2012-13, a total increase of $66 over three years.

Customers in the ActewAGL network of Southern NSW will see prices increase by 3.5 per cent from July 1, 2010 and by a total of 12.3 per cent over the next three years. Rises in network charges make up around 85 per cent of these increases. A typical gas bill will increase by $20 from $583 to $603 in 2010-11, and to $655 in 2012-13, a total increase of $72 over the three years.

IPART is calling for public submissions by May 14 and will hold a public hearing on the proposed charges on April 30. They will release their final report in June but don’t expect much to change.

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WA gas prices up 23% from tomorrow

Tuesday, June 30th, 2009

The Western Australian Government last week approved an increase of 23 per cent in residential natural gas tariffs. Alinta’s customers will start paying the higher prices from tomorrow, July 1.

Alinta said the price rise would increase typical household bills by about $1.70 a week. The primary reason for the price increase is to cover additional infrastrucutre costs following last year’s gas pipeline explosion at Varanus Island, which reduced WA’s domestic gas supply by almost one third.

You can read the Alinta media release here.

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