Tuesday, December 07, 2010

Electricity Prices

Earlier this year I wrote about the increase in electricity prices. Since then (on July 1 to be exact) the price increased by another 13.3%. This makes the price now 54% higher than it was 4 years ago.

What does this mean?

1. Saving energy is even more worthwhile. Might be a good time to get the ClimateSmart guys in (if you live here in Queensland).

2. Things like solar might be worth another look. The same solar panel or hot water system that you were looking at 4 years ago will now give you savings 1.5 times as big.

3. People (or politicians) who try to scare us with 'a carbon price will mean power bills will go up 50%' are telling a half-truth. The half they leave out is that those kind of increases will also happen without a carbon price - as they have done over the last 4 years.

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