Via the Herald Sun:
VICTORIA’S biggest energy retailer is the latest to confirm plans to push up power prices in the new year.
AGL has revealed its default electricity tariffs are set to jump an average 9.5 per cent from January 1 — but pledged to shield many of its standing offer customers from the rise.
St Vincent de Paul Society energy expert Gavin Dufty expected market offers, which most customers are on, to increase by a similar percentage amount.
The Herald Sun understands that for an average household, annual bills will rise by about $140.
AGL has more than 1.1 million residential electricity and gas accounts in Victoria.
It stressed that many of its standing offer customers would be protected from next year’s rise due to additional discounts.
Key rivals EnergyAustralia and Origin Energy recently foreshadowed new year default power price hikes of 14.4 to 14.9 per cent.
However, about 285,000 customers with the “big three” retailers are to get $250-$720 refunds on default plans or standing offers in a deal brokered by the Andrews Government.
Gas reservation anyone? No?
Goodbye household consumption.
