{"id":15834,"date":"2017-10-16T11:59:35","date_gmt":"2017-10-16T01:29:35","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=15834"},"modified":"2017-10-16T18:28:36","modified_gmt":"2017-10-16T07:58:36","slug":"electricity-prices-australia-mb0251","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/electricity-prices-australia-mb0251\/","title":{"rendered":"Power Prices Putting Australians Under “Unacceptable Pressure” : ACCC"},"content":{"rendered":"
\"Electricity

Electricity prices are shocking – and that’s no joke | Image: FelixMittermeier<\/a><\/p><\/div>\n

Annual residential electricity bills have jumped 44% in real terms since 2007-08 and commercial users are paying 53% more per kilowatt hour says a report released today by the Australian Competition and Consumer Commission.<\/p>\n

The ACC has published a preliminary report on its inquiry into retail electricity pricing. It highlights the Commission’s concerns regarding the operation of the National Electricity Market (NEM), which it says is resulting in serious affordability issues for households and businesses.<\/p>\n

\u201cIt\u2019s no great secret that Australia has an electricity affordability problem,” said<\/a> ACCC Chairman Rod Sims said. “What\u2019s clear from our report is that price increases over the past ten years are putting Australian businesses and consumers under unacceptable pressure.”<\/p><\/blockquote>\n

The primary driver of electricity price hikes isn’t solar rebates<\/a> and other green schemes says the ACCC. A major culprit has been significant increases in network costs.<\/p>\n

\"Average<\/p>\n

The ACCC states an average residential bill in 2015-16 was made up of:<\/p>\n