Lower electricity bills on the way for half a million households
More than half a million households in Victoria will benefit from reduced electricity bills next financial year. The Essential Services Commission has announced an average price drop of 5% for residential properties and 6% for small businesses. This reduction is attributed to lower environmental, network, and wholesale electricity costs.
- ▪Approximately 512,000 households will see an average savings of $84.
- ▪Small business owners will save an average of $241.
- ▪The price reduction varies by energy retailer, with some customers saving up to $160.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.