Friends who live in South Australia and New South Wales and live in frugality all day long, here I can't bear but have to tell you the bad news. Origin Energy, the energy retailer, has announced a few days ago. They will raise electricity prices in South Australia and New South Wales from next month, and they will be enough to make you scream, freak, and squeamish.
In the past week, major retailers AGL and EnergyAustralia have announced big price increases, but now Origin Energy is on the heels.
Unfortunately, if you are a consumer of Origin Energy and a resident of electricity, your electricity price will rise by 16.1% from July 1, and if you are a consumer of Origin Energy and an enterprise, then your electricity price will rise by 18% from July 1.
In other words, the average household gas and electricity costs will increase by A $425 per household as a result of an increase in electricity prices. In the case of small businesses, there will be an average increase of more than A $1500.
Electricity prices are also up, but unlike South Australia, New South Wales is up 15 percent, both residential and commercial.
In addition, Queensland residential ecommerce will pay 3.5% more bills. Victoria's retail price will be set in December.
Origin Energy said the price adjustment was a good reflection of the fact that Australia's energy market is undergoing a transformation, with changes in supply and demand affecting wholesale energy prices.