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Reduce Your Electricity Bills

Gain control over your spiralling electricity bills …
Put an end to energy wasting in your home …
Let an Ecoplus HELP Plan show you how and put money back in your pocket …

You don’t have to look too far these days to find evidence of escalating energy prices – nauseating electricity bills, governments calling for inquires and social leaders calling for change.

With no end in sight, finding ways to reduce your energy bill is a must-do.

That’s where we step in! With an Ecoplus energy efficiency solution, our experts will have you making energy savings in no time at all.

Historical Rises: Unprecedented Electricity Costs

For a whole range of reasons, Australians have experienced on average increase of 40% on their electricity bills over the last three years1.

Staggering nominal average increases in household electricity prices were seen right across Australia for the 5 year period to mid-2012. Chester and Morris (2011) found that, based on figures calculated from the annual pricing determinations of each State and Territory regulator which can be found on their respective websites, for the period between 2007/08 to 2011/12, the nominal average increase in household electricity prices in each area was:

  • South Australia – A 62.9% nominal increase in electricity prices between 2007/08 to 2011/12
  • New South Wales – 79.5% increase
  • Queensland – 64.1% increase
  • Tasmania – 64.6% increase
  • Western Australia – 57% increase
  • Northern Territory – 37.5% increase
  • ACT – 44.9% increase
  • Victoria – no statistics available2

Across each all states and territories, these increases in prices have been put down to a variety of reasons. Some of these include:

  • Wholesale Component
  • Distribution Component
  • Retail Component
  • Transmission Component
  • Renewable Energy Target
  • Feed-in Tariff and other state-based schemes

Although the reasons why energy costs are increasing are important, it is clear that these rises are not going to slow any time soon, as the following shows.

Expected Increases: The Future Outlook for Electricity Prices

Experts right across the board are suggesting that electricity prices will continue to rise.

An AEMC final report for the period between 2010/2011 to 2013/2014 considered the topic of possible future electricity price rises.3 In terms of the nation as a whole, the report projected that residential electricity prices will increase by 37% in nominal terms and 22% in real terms up until 2014. The report also looked at each state, projecting that in South Australia, residential electricity prices will rise by 36% in nominal terms over this same period.

Without personal action, your household energy costs could continue to rise
hundreds or even thousands of dollars each year!
How Ecoplus Can HELPP Reduce Your Electricity Costs

Ecoplus has helped countless customers reduce their energy bills each year. With our Home Energy Loss Prevention Plan (HELPP), we can help you too.

An Ecoplus HELP Plan includes an energy loss assessment to find out exactly where your home is losing precious energy; provide a set of cost-effective recommendations to follow in order to reduce this loss; estimate how much the changes will cost; and, indicate the savings for each change.

By following an Ecoplus HELP Plan, homeowners can make savings now and provide an investment for the future.

To find out more about Ecoplus’ HELP Plan or HELPP, please click here. Alternatively, contact one of our Ecoplus efficiency experts today to discover your energy loss solution.

Sources:

(1) Australian Department of Resources, Energy and Tourism (2012) Fact Sheet: Electricity Prices, http://www.ret.gov.au/Department/Documents/clean-energy-future/ELECTRICITY-PRICES-FACTSHEET.pdf

(2) Chester, L. and Morris, A. (2011) The Australian Journal of Social Issues. Volume 46, Number 4.

(3) Australian Energy Market Commission (AEMC) (2011) Possible Future Retail Electricity Price Movements: 1 July 2011 to 30 June 2014, http://www.aemc.gov.au/market-reviews/completed/possible-future-retail-electricity-price-movements-1-july-2011-to-30-june-2014.html