Section: Andrew Barr, MLA | Media Releases
The ACT has the lowest electricity prices in the country according to a recent report: Electricity prices in Australia: an international comparison.
In the report by CME – an energy economics consultancy focused on Australia's electricity, gas and renewables markets – the ACT is ranked the cheapest of all jurisdictions in Australia and 21st out of 91 countries, states and provinces analysed.
A typical annual household electricity bill in the ACT is between $1,332 and $1,418. This is more than $1000 less than that faced by people living in NSW, where a typical annual household electricity bill is about $2,484.
In addition, in the Legislative Assembly last week the ACT Labor Government announced new laws that aim to make electricity prices in the ACT more affordable for Canberrans.
The Energy Efficiency (Cost of Living) Improvement Bill 2012 will benefit approximately 70,000 households in the ACT, requiring electricity retailers, such as ActewAGL, to provide free or subsidised services to households to boost the energy efficiency of their homes, and to provide ongoing energy bill savings of up to $300 per annum by 2015.
The ACT Labor Government has a strong track record of responsible economic management. We know that providing a strong economy that supports and provides jobs is important to assisting everyone in the ACT.
The Government also provides range of concessions to eligible community members to assist with living costs, and the ACT Chief Minister, Katy Gallagher, has commissioned an Expert Panel to develop an ACT Targeted Assistance Strategy, which will provide policy options for further supporting Canberrans experiencing financial hardship.
The CME report, Electricity prices in Australia: an international comparison, can be found at: http://www.euaa.com.au/publications/papers/files/FINAL%20INTERNATIONAL%20PRICE%20COMPARISON%20FOR%20PUBLIC%20RELEASE%2019%20MARCH%202012.pdf
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