Electricity prices set to rise by 62%

The State pricing regulator, the Independent Pricing and Regulatory Tribunal, has recommended that electricity prices are to rise by 62% over the next three years.

This is first step in expected increasing prices to reflect carbon pricing expectations which will put pressure on prices moving forward.

The average Country Energy customer will pay an additional $893 by 2013.

For the majority of customers, there will be limited offsets against the increased charges.

However, there are many new energy saving initiatives which can be used to decrease your household energy consumption.

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1. Renewable energy certificates to be traded on ASX
2. Trains can counter petrol price rise, climate change: TOOT
3. Regional business pays more for electricity: KPMG report
4. Australia Post to phase out plastic bags
5. Ballina ‘well-positioned to rise to sea level challenge’