the rise of the electricity bill [infographic]
TRANSCRIPT
$1300 $1600 $1900 $2200 $2500
cheapest plan most expensive plan
Sydney & HunterAusGrid
IllawarraEndeavour Energy
Country NSWEssential Energy
Melbourne Citypower
Country VICPowercor
Country VICSP Ausnet
MelbourneJemena
Melbourne United Energy
Brisbane & SE QLD
Adelaide & SA
$1501 $2616difference = $1115
$1843 $2726difference = $883
$1506 $1703
$1528 $2068difference = $540
$1404 $1956difference = $552
$1664 $2192difference = $528
$2031 $2628difference = $597
$1368 $2395difference = $1027
$1576 $2212difference = $636
$1580 $2168difference = $588
% electricity prices increasing July 2012NSW data
$ 2 1 8 4
$ 2 4 9 2
$ 2 2 1 0
47%
39%
$ 1 5 4 1
15%
$ 1 9 3 9
$ 1 8 6 2
33%
33%
$ 2 0 9 0
$ 1 7 9 4
28%
Citipower
Powercor SP AusNet
Jemena UnitedEnergy
$ 1 9 4 0
33%
$ 2 0 1 0
41%
35% 28%
AusGrid
$ 2 5 5 7
EndeavourEnergy
$ 2 0 5 6
$ 1 9 3 9
50%
44%$ Essential
Energy1 8 1 2
49%
% electricity prices have increased over past 3 years
yearly cost of 2011-2012 bill(estimate - based on 7500 kWh peak only)
35%
%
$
Network Costs (8.4%)
Carbon Price (8.9%)
Retail costs (1.2%)
Green scheme (0.3%)18.1%
% electricity prices increasing July 2012NSW data
NSWdistribution areas
VICdistribution areas
predicted increase caused by thecarbon tax
household spend on electricity
www.bundl.com.au
above percentages do not add up because wholesale energy costs decreased 0.8%
May 09
10,000
20,000
30,000
40,000
50,000
60,000
Sep 09 May 10Jan 10 Sep 10
Jan 11 Sep 11May 11 Jan 12
May 12
VIC
NSW
QLD
SA
# of people switching electricity suppliers each month % of people that
switch electricity suppliers each year
Annualised transfer rate taken from May 2012 switching data
not all plans were created equal
sources (top to bottom)Australian Energy Regulator “State of the Energy Market Report 2011”Plans found using respective state regulators’ (NSW = IPART, VIC = ESC, SA = ESCOSA, QLD = QCA) website on 05 June 2012 IPART “Factsheet - consumer summary of final decision - June 2012”IPART “Changes in regulated electricity retail prices from 1 July 2012 - Final Report June 2012”Expected carbon tax increases from Philip Wild, Paul Bell & John Foster “The impact of carbon pricing on wholesale electricity prices, carbon pass-through rates and retail electrciity tariffs in Australia” (University of Queensland)Switching data from Australian Energy Market Operator
all calculations based on 7500 kWh peak power only
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electricity at www.bundl.com.au
52%
31%
11%6%
50%
25%
10%
8%7%
Network CostsCosts from getting electricity from source to customer via transmission and distribution networks
Energy CostsCosts of purchasing electricity from generators on the wholesale electricity market
Retail CostsCosts of running the retail business (call centre, billing, etc)
Green CostsCosts of complying with state and federal green schemes
NSW data
before carbon tax after carbon tax
Carbon Tax
28%26%
20%
15%
VIC SA NSWQLD
where does your electricitybill money go?
electricity bill
1.45 c/kWh
=$109per year
of income for average households
of income for low income households
4%
metro NSW
increase
8%
electricity billthe rise of the