The ICRC has announced that ACT electricity prices are to rise by 3.8% from 1 July 2009. Whilst price rises are never good news for consumers I think Canberrans should consider themselves lucky to be seeing such a modest increase. The ACT suffered significant rises in the previous two years due to the impact of the drought and other factors on wholesale supply costs.

The ACT Government is putting a very positive spin on this announcement, comparing this “below inflation” level price increase with the 18 to 21 per cent price increases announced by the NSW Government a few weeks ago.

You can read the ICRC media release here.