Proposed 5 Year Electricity Price Increase in Australia

The proposed plans of increasing electricity price bythis large scale price increase happen. Energy Users
the Australian Energy Regulator (AER) has started toAssociation of Australia (EUAA) points out that people
spread its detailed reports. The said price increaseswould suffer less if privatization and effective
are based on the amount of electricity that customerregulation happen to these distributing networks.
used, and varied from areas across Queensland,Knowing that electricity price increase is inevitable,
Victoria, New South Wales, and South Australia.people, especially business enthusiasts should be
Price increases are set in a 5-year plan and areaware that this would still happen whether they like it
expected to increase in different areas. Among otheror not. Conflicts may only happen concerning the
areas, Queensland got the highest electricity priceauthenticity of the said price increase if researchers
increase which is 64-87 percent ( depending onand most of the people from different industry bodies
electricity network). Electricity price in New Southare against to the proposal.
Wales may increase up until 55 percent; from which 19In order to make the energy price hike valid and
percent increase will start in July 2010, and thereliable, AER should give assurance to the costumers
remaining 36 percent by 2010-2015. Customers inthat the said increases are fair, and they are based on
South Australia may also experience an increase ofa regulator's result to lessen the impact of price
35 percent, and 57 percent in Victoria.increase in most consumers. By simply giving
This designed proposal is made by AER in order toopportunity to companies to compete within the
give network operators an extra authority to increaseservices required to have electricity to customers
charges to all electricity retailers within Australia region,(varied prices from energy retailers), they can produce
and so as to retailer's business and its customers.a competitive market, which in turn gives more
Australians customers are the most affected group ifbenefits to business owners.