Electricity Cost to Rise 9 Per Cent: Help Available

The Australian Energy Regulator has announced a 9 per cent electricity price hike to take effect in July this year.

Key Points:

The price hike reflects the 2-12 per cent increase in costs involved with energy providers procuring electricity, business running expenses and network costs, according to The Australian.

Australian households are already struggling under the cost of living, and this announcement comes at a difficult time.

High electricity prices are a huge part of that with a federal election booming. Many people are looking for answers.

More Australian households are struggling to pay their bills, than ever before, according to recent data released by the Australian Electricity Regulator.

The price hike reflects the 2-12 per cent increase in costs involved with energy providers.

“Cost of living pressures are a major concern for Australian households, and we can expect that energy prices will be very topical in the upcoming federal election,” general manager of Solahart Industries Stephen Cranch said.

“Regardless of the election outcome, the underlying factors influencing electricity prices, such as wholesale energy costs, will likely continue to impact Australian households.”

With no sign of relief, Aussie households are turning to other options.

Hope 103.2 is proudly supported by

“Future-proofing with solar is a smart move.”

The Clean Energy Council states around four million Australian households now rely on solar power.

“Generating free energy from the sun means less reliance on the grid, lower power bills, and more control over your energy usage,” Mr Cranch said.

“For Australian households, it’s about taking charge today with solar.

“Future-proofing with solar is a smart move.”

Despite the initial cost of installing solar panels, savings quickly make it one of the smartest decision homeowners can make.

“While solar might seem like a big investment, it’s actually one of the smartest ways to cut costs long-term.” Mr Cranch said.

“When looking to save on household expenses, seeing lower energy bills is more important than ever. “

The good news is that Government incentives, rebates, and interest-free financing make solar more accessible than ever.

Station sponsor Solahart offers up to 72 months of interest-free payments* on eligible Solahart products, allowing you to start saving on your energy bills today while gradually paying off your system.

Around four million Australian households rely on solar power.

Plus, you can maximise those savings even further by storing your excess solar energy and using it when you need it.

Products like Solahart PowerStore® combined with a Home Energy Management System (HEMS) enable households to manage their excess energy effectively, such as converting it into hot water. Since hot water typically represents about 25 per cent of a home’s energy consumption, this can lead to substantial savings.

Visit solahart.com.au to learn more.

*Eligibility criteria apply.

*72 Months Interest-Free is only available for Solahart residential product purchases over $5,000. Available to approved applicants only and subject to completion of a satisfactory credit check upon application. A monthly account fee of $9.95 applies, and a one-off establishment fee may apply for new customers. Paying only the minimum monthly repayment may not repay the purchase within the interest free period. Any balance outstanding will be charged at the applicable standard variable interest rate of 25.9% per annum, as at 1 June 2023. Interest, fees and charges are subject to change. Terms & Conditions apply and are available on application. Additional charges may apply; see your contract for further details. Credit provided by Zip Money Payments Pty Ltd (ABN 58 164 440 993, Australian Credit Licence Number 441878). Offer available from 01/02/2025 until 30/06/2025.

Header image: Photos by CanvaPro