Spike in energy bill assistance as cost of living soars

Struggling Victorians are receiving power invoice reduction grants in document numbers amid the cost-of-living crunch, with greater than 86,000 handed out previously 9 months.

In its newest market report, the Essential Services Commission revealed 67,413 residential clients required tailor-made electrical energy invoice help in March, the best quantity because the reduction scheme started in 2019.

Another 55,415 households had assist to pay their fuel payments over the course of the month.

In whole, 86,482 utility reduction grants have been credited to Victorians between July 2022 and March – up 22 per cent over the identical nine-month interval in 2021/22.

The surge comes forward of the Victorian default provide rising by 25 per cent from July 1, which means annual energy payments will price an additional $352 for the state’s residential clients and $752 for small companies.

Essential Services Commission chair Kate Symons mentioned the regulator understood rising power costs have elevated the burden on shoppers.

“There are a range of options available for consumers, including payment plans and concessions, rebates, and utility relief grants,” she mentioned in a press release on Thursday.

“We expect retailers to engage with customers who may be experiencing hardship, and we also encourage consumers to contact their retailer early if they need assistance.”

From January to March, the Victorian regulator metered out greater than $740,000 in penalties to retailers for varied indiscretions.

Mojo Power and QEnergy every paid about $180,000 for allegedly charging greater than 470 default provide clients incorrect charges.

Alinta Energy forked out greater than $380,000 for allegedly failing to adequately help 13 clients experiencing monetary hardship.

AusNet earned itself a $40,000 penalty for failing to inform 4 clients, together with one registered as requiring life-support tools, of a deliberate energy interruption in Wodonga in June 2022.

The Victorian authorities has promised to reboot the State Electricity Commission to fill the facility vacuum created by the looming shutdown of coal-fired energy crops.

At an SEC business discussion board on Thursday, Premier Daniel Andrews introduced a $3 million bundle to coach as much as 1400 plumbers and electricians to put in renewable power know-how, together with photo voltaic scorching water, rooftop photo voltaic and residential battery programs.

Source: www.perthnow.com.au