Electricity prices set to rise by 63% by 2013

This is on the back of a 22% price increase since July 1 2009.

IPART says the biggest impact on the proposed price rises is the Federal Government’s recommended emissions trading scheme and increased network prices.

Price increases of up to $6,000!

IPART analysed the indicative impact on typical customer bills by taking a 2009/10 annual electricity bill for typical small business customers with different levels of consumption and metering arrangements, then applying the average increase in regulated tariffs. The IPART report states businesses could face annual electricity price increases of up to $6,000 by 2013.

Matt Jones of Erina based SolarWise Plumbing, solar hot water solutions experts, said he had witnessed a lot of businesses making poor investment decisions when it comes to cutting energy consumption and energy costs through switching to solar heated water solutions.

“Businesses often invest far too much in an alternative to electricity with limited reductions in energy costs,” he said.

Mr Jones said that most businesses are often unaware of:
• How much hot water they consume.
• How much of their bill is made up of hot water running costs.
• What is the best solar heating alternative for their business.
• The long term return on investment associated with switching to solar.
• Renewable Energy Certificates (RECs) are applicable – providing cash back to minimise the initial cash outlay.

SolarWise Plumbing provides businesses with solutions for managing their energy costs.

They can accurately advise on the correct systems to meet hot water supply demands and the potential energy savings by switching from electricity and LPG systems to sustainable solar solutions.

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