A huge power bill spike is going to occur to Tasmanian power consumers. The regulators are estimating that an estimated $60 increase every single year will occur. They state that the increase is due to an increase of price of wholesale electricity in Victoria. Unfortunately, analysts are stating that more price increases are on the way.

Key Takeaways:

  • Tasmanian energy customers are looking at a 3.4 cent price increase in their bills.
  • The price increase is due to a spike in price of wholesale electricity coming from Victoria.
  • Energy prices have jumped 40 cents in the last year.

“The rise is due almost entirely to a substantial jump in the price of wholesale electricity in Victoria, to which Tasmania is connected via the undersea Basslink cable.”

http://www.abc.net.au/news/2016-06-23/power-bill-increase-to-hit-tasmanians-as-victorian-price-surge/7534812

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