A recent advertiser investigation has exposed that people are now paying more for electricity despite using less in the last two years. Consumer groups are now pushing for tighter regulations on monopolies to spend more efficiently and curb household price increases.
The Australian reported that “Lights at the Adelaide Oval could be run non-stop for 69 years using the amount of electricity saved by South Australian homes and businesses over the last two years.” Yet despite this the energy industry has replied that rising costs were due to additional investment requirements to deal with peak use periods, despite overall usage decreasing.
The St Vincent de Paul Society concluded that this financial year there will be average increases of $350.
