- Energex have increased the fixed charge by 42% (!)
- Energex have decreased the peak rate by 17%.
- Shoulder is much the same and off-peak is slightly lower
(All prices ex-GST. In $/kWh, except daily charge which is in $/day)
2012/13 Energex Network
- Daily charge = $0.35
- Off-peak = $0.07496
- Shoulder = $0.11369
- Peak = $0.23525
- Daily charge = $0.50 (diff: +$0.15)
- Off-peak = $0.06779 (diff: -$0.00717)
- Shoulder = $0.11457 (diff: +$0.00088)
- Peak = $0.19141 (diff: -$0.04384)
If the regulator had it in mind to call them on this they could point out that:
- This electricity pricing is socio-economically regressive
- This pricing increases the peak demand on their network (requiring new capital spend which could be avoided by using the ToU structure properly)
- Trying to stop people getting their energy from distributed renewables
- Building a case for future network spend to meet the inevitable rise in peak demand that this creates
- Attemping to preserve the value of their assets for Campbell's second term network sale of the network businesses
The way forward for Energex is in shifting to income that does not rely upon the regulator.
Hi Dean,
ReplyDeleteGreat analysis, I'd like to reference your post in my Podcast tomorrow.
Talk soon,
Jervis
Sure Jervis, that is what the data is there for. Give Mistervint a plug whilst you're at it.
DeleteCheers,
Dean
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