Unfortunately the year 2012 hasn’t brought any good news to the Victorian households; Victorans will have to struggle to keep up with skyrocketing electricity costs yet. However Victorians won't be suffering on their own for long.
As it was already declared in December, electricity prices in Victoria jumped 10% on average on January 1, with some of the additional charges.
This is not it. Another hike of around 10 per cent is likely to follow on July 1, after Australia's carbon tax comes into play.
Though many households will receive compensation under the carbon tax package, it is not yet clear if they will save those benefits to go towards bigger power bills remains to be seen. Concerns are expressed as to whether the compensation will go towards other items, including purchasing power hungry appliances – which will only add to a household's woes.
Beyond the recent 10% jump and the one to strike mid-year, the news continues to be grim with residential electricity prices in Victoria predicted to increase by a massive 33% over the next few years; including the two slugs of 10%.
Victorians won't be alone in their suffering. A report from the Australian Energy Market Commission (AEMC) estimates residential electricity prices throughout Australia will jump by 37 per cent i in nominal terms on average by 2014.
The strain of the impact of rising electricity prices has already begun to show in Victoria. According to a report released in December by the state's Essential Services Commission (ESC), the number of domestic electricity disconnections rose from 0.59 per 100 customers to 0.77 per customers per 100 customers in 2010-11.
There are two solutions to this; one is to implement simple energy efficiency strategies to reduce the shock associated with ballooning power bills, and second is to turn to solar panels.
According to information posted on national solar solutions provider Energy Matters' web site, a 1.9kW solar power system installed in Melbourne can provide electricity bill savings of around $688 a year.
With the cost of a solar power system plummeting 70% in recent years, some household are electing to install larger arrays; wiping out their electricity bills altogether.
As it was already declared in December, electricity prices in Victoria jumped 10% on average on January 1, with some of the additional charges.
This is not it. Another hike of around 10 per cent is likely to follow on July 1, after Australia's carbon tax comes into play.
Though many households will receive compensation under the carbon tax package, it is not yet clear if they will save those benefits to go towards bigger power bills remains to be seen. Concerns are expressed as to whether the compensation will go towards other items, including purchasing power hungry appliances – which will only add to a household's woes.
Beyond the recent 10% jump and the one to strike mid-year, the news continues to be grim with residential electricity prices in Victoria predicted to increase by a massive 33% over the next few years; including the two slugs of 10%.
Victorians won't be alone in their suffering. A report from the Australian Energy Market Commission (AEMC) estimates residential electricity prices throughout Australia will jump by 37 per cent i in nominal terms on average by 2014.
The strain of the impact of rising electricity prices has already begun to show in Victoria. According to a report released in December by the state's Essential Services Commission (ESC), the number of domestic electricity disconnections rose from 0.59 per 100 customers to 0.77 per customers per 100 customers in 2010-11.
There are two solutions to this; one is to implement simple energy efficiency strategies to reduce the shock associated with ballooning power bills, and second is to turn to solar panels.
According to information posted on national solar solutions provider Energy Matters' web site, a 1.9kW solar power system installed in Melbourne can provide electricity bill savings of around $688 a year.
With the cost of a solar power system plummeting 70% in recent years, some household are electing to install larger arrays; wiping out their electricity bills altogether.
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