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The Australian Energy Regulator is lifting the caps on how much retailers can charge for electricity from July 1, which could mean increases of as much as 8.9% for some consumers. Angelica Waite speaks with Shukla Poddar from UNSW to find out more, plus SBS Finance Editor Ricardo Gonçalves discusses the day's market action with Scott Phillips from The Motley Fool.
As expected, and covered in my earlier posts, due to poor Government Gas policy over a long period leading to a Gas cartel, Electricity bills will rise by as much as 9 per cent from July 1, the Australian Energy Regulator has declared. The Australian Energy Regulator (AER) released its draft decision “default market offer” … Continue reading "Another Bill Shock For Households!"
Australians are bracing for another energy price hike, with the Australian Energy Regulator’s draft ruling revealing electricity bills in NSW could increase by up to 9% from July 1.See omnystudio.com/listener for privacy information.
The Australian Energy Regulator is lifting the caps on how much retailers can charge for electricity from July 1, which could mean increases of as much as 8.9% for some consumers. Angelica Waite speaks with Shukla Poddar from UNSW to find out more, plus SBS Finance Editor Ricardo Gonçalves discusses the day's market action with Scott Phillips from The Motley Fool.
ASX 200 has closed out the week in the red, down 54 points to 8421 (-0.6%). For the week down 0.14%. Almost all sectors closed in the red today, Utilities the expectation thanks to gains in APA up 1.4% after receiving a positive regulatory decision from the Australian Energy Regulator. Iron ore giants mixed. RIO and FMG slid over 0.5% each while BHP gained 0.3%. Lithium stocks dragged their feet, PLS fell 2.6% hitting a 52-week low, LTR lost 3.9%, while MIN gained 1.0%. Energy stocks were not so energic today, WDS fell more than 2%, STO off 1.2% and STX down 2.4%. REITs pared earlier gains, ending the session in the red, despite GMG rising 0.9%. WOW down another 1.0% as strikes continue and JBH rose 0.7% hitting a 52-week high. Aussie dollar down 0.4% to 64.27c and treasury yields eased a touch. Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.
Mineral resources are surging in trade off the back of the release of its production guidance, oil prices are on track for three weeks of losses. Plus, the Australian Energy Regulator has released its annual compliance and enforcement report.See omnystudio.com/listener for privacy information.
A cold spell across Australia's south-eastern states has led to record demand in the national electricity market. The latest inflation indicator highlights a rise in electricity prices over the 12 months to May of around 6 .5 per cent - an outcome tempered by government rebates. But an update by the Australian Energy Regulator, flagging a 23 per cent rise in the cost of producing energy, is triggering concerns about the flow-on cost to consumers. - آسٹریلیا کی جنوب مشرقی یعنی ساؤتھ ایسٹیرین ریاستوں میں سردی کی وجہ سے بجلی کی مانگ میں ریکاڑد اضافہ ہوا ہے۔مہنگائی کا تازہ ترین اعشاریے بتاتے ہیں کہ 12 ماہ کے دوران بجلی کی قیمتوں میں حکومتی رعایت کے باوجود تقریباً 6.5 فیصد اضافہ ہوا ہے۔لیکن آسٹریلین انرجی ریگولیٹر کی طرف سے ایک اپ ڈیٹ، میں بتایا گیا ہے کہ توانائی کی پیداواری لاگت میں 23 فیصد اضافہ ہوا ہے، جس کے باعث صارفین کے لیے توانائی کی لاگت مزید بڑھنے کے بارے میں خدشات جنم لے رہے ہیں
A cold spell across Australia's south-eastern states has led to record demand in the national electricity market. The latest inflation indicator highlights a rise in electricity prices over the 12 months to May of around 6.5 per cent - an outcome tempered by government rebates. But an update by the Australian Energy Regulator, flagging a 23 per cent rise in the cost of producing energy, is triggering concerns about the flow-on cost to consumers, Here are the latest details on this in our current Affair Explainer today…. - ඕස්ට්රේලියාවේ අග්නිදිග ප්රාන්ත සිසාරා පැතිර යන අධික ශීතල කාලගුණික තත්ත්වය හේතුවෙන් විදුලිබල ඉල්ලුම වාර්තා ගත ලෙස වැඩි වී තිබෙනවා. 2023 වසරේ මැයි මාසයේ සිට 2024 වසරේ මැයි මාසය දක්වා වූ මාස 12 ක කාලය තුළ විදුලි බිල සියයට 6.5ක් ඉහළ ගොස් ඇති බව උද්ධමන දර්ශකය විසින් පෙන්නුම් කොට තිබෙනවා. විදුලි බලය නිපදවීමට වැය වන මුදල සියයට 23 කින් ඉහළ යාම නිසා එම වියදම පාරිභෝගිකයාගේ කර මත පැටවෙන වන බව Australian Energy Regulator හෙවත් ඕස්ට්රේලියානු බලශක්ති නියාමකයන් පවසනවා. අද දවසේ අපගේ කාලීන විග්රහය තුළින් මේ පිළිබඳ නවතම තොරතුරු ඔබට දැන ගැනීමය හැකියාව තිබෙනවා.
A cold spell across Australia's south-eastern states has led to record demand in the national electricity market. The latest inflation indicator highlights a rise in electricity prices over the 12 months to May of around 6 .5 per cent - an outcome tempered by government rebates. But an update by the Australian Energy Regulator, flagging a 23 per cent rise in the cost of producing energy, is triggering concerns about the flow-on cost to consumers.
Matthew Pantelis speaks with Gavin Dufty, Policy Officer, St Vincent de Paul on the release of the default market offer by the Australian Energy Regulator. Listen live on the FIVEAA Player. Follow us on Facebook, Twitter and Instagram.See omnystudio.com/listener for privacy information.
Small Biz Matters: People, Policy, Purpose ~ Episode #234 Broadcast date: 21 May 2024 Host: Alexi Boyd, Small Business Advocate & Policy Advisor Guests: David Harding, Executive Director BusinessNSW and expert guests from the Budget Lockup There's not a lot of small businesses that wait with bated breath each budget night for what's in it for them, but there is a handful of experts looking out for the needs of small businesses in every single budget. They include Peak business groups, community organisations, industry groups and advocates from all over the country. Each budget night, they are locked with without their devices, crammed into a room which is never big enough, fed with food that isn't eaten, and handed a stackof budget papers, and then asked to dissect and unpack them in only two hours. It's a remarkable feat and takes the best minds in the country. Making it more difficult for small business advocates, is the fact that small businesses are affected by spending decisions every single policy area and every single government department. On Budget Night 14th of May 2024 Small Biz Matters was lucky to be in the media lock up, unpacking the budget from a small business perspective, surrounded by policy experts from the Community Radio Network, The Wire and leading educational institutions. After the lock up, I spoke to a number of leading economic experts in the country, unpacking the budget from a small business perspective. Then this week I was lucky enough to unpack the budget with David Harding, Executive Director from BusinessNSW, who dissected it from all angles and all policy areas. We start the show with the small business segment on The Wire, live from the studios of the Press Gallery in Parliament House. PEOPLE – Why does the Federal budget mean so much to small businesses? Do you think they listen in, or do they rely on organisations like BusinessNSW to unpack and make the budget info relatable? POLICY - Tell us about the Federal Budget and what small businesses need to know. Were there any nice surprises or was most of the information generally inconsequential? What are the major areas where the Government has offered support? PURPOSE - Do you think it will it encourage innovation, growth and survival? What does the budget mean for BusinessNSW? How will the announcements make you change direction in your policy and advocacy work representing small businesses? Chris Richardson, Australia's leading independent Economist Bran Black CEO of Business Council Australia John Grimes CEO of Smart Energy Council Georgie Dent CEO of Parenthood David Harding, Executive Director from BusinessNSW As Executive Director at Business NSW, David leads a number of diverse and capable teams ranging right across NSW's cities and regions, and also sits on the national business Executive Leadership Team. He is dedicated to ensuring a strong economic and social future for all NSW communities. He is also co-Chair of the Committee for Sydney Commission into the Future of the Sydney CBD, represents customer's interests at the Australian Energy Regulator and sits on a wide range of other trade and industry groups, policy teams and government boards and taskforces. A supporter of good social investment, he is a Director of Engineering Aid Australia and works with many other sporting and community charities and foundations in NSW. Business NSW is focused on the well-being and sustainable growth of our business community. Our purpose is to provide a strong, clear leadership voice for businesses on important economic and financial issues. Working closely with our members and government, we identify key challenges and develop practical policy solutions to ensure that businesses across NSW prosper and grow. To find out more about their budget coverage go HERE
Many Australians could see a reduction in their energy bill prices, according to an announcement made by the Australian Energy Regulator. Yet despite the highly anticipated relief for households, experts say the government could be doing more to lower energy costs during the transition period to cleaner energy. - May ginhawa para sa mga bulsa at bangko ng maraming Australyano matapos ang pahayag ng Australian Energy Regulator hinggil sa kanilang default market offer.
Many Australians could see a reduction in their energy bill prices, according to an announcement made by the Australian Energy Regulator. Yet despite the highly anticipated relief for households, experts say the government could be doing more to lower energy costs during the transition period to cleaner energy.
Πολλοί Αυστραλοί, θα δουν μειώσεις στους λογαριασμούς ηλεκτρικού από την 1η Ιουλίου, μετά από δύο χρόνια κατακόρυφων αυξήσεων, σύμφωνα με τις σημερινές ανακοινώσεις της Αυστραλιανής Ρυθμιστικής Αρχής Ενέργειας (ΑΡΑΕ), Australian Energy Regulator.
Michael is joined by Joshua Stabler, Managing director at Energy Edge, to discuss the Australian Energy Regulator's draft decision on the default market offer, signaling a decrease in prices. Stabler emphasised the significant financial burden on customers in the electricity market.See omnystudio.com/listener for privacy information.
Chris has reflected on the Australian Energy Regulator's announcement of reduced energy prices leading to decreased power bill prices, yet it falls short of previous government promises. See omnystudio.com/listener for privacy information.
Ingrid Michel, Assistant Director, Australian Energy Regulator, shares her past work exploring the environmental costs of energy production. Passionate about sustainability, Ingrid discusses her personal views on the changing energy landscape, emphasizing the potential for innovation, community engagement, and the future impact of autonomous vehicles. For aspiring entrepreneurs, especially women, Ingrid explains the need for confidence, risk-taking and a proactive approach to meet the needs of the dynamic energy transition space. Please join in to find more. Connect with Sohail Hasnie: Facebook @sohailhasnie Twitter @shasnie LinkedIn @shasnie ADB Blog Sohail Hasnie
In this episode of Energy Unplugged, we discuss the current status and future of the Energy Transition in Australia, with a specific focus on its regulatory landscape. We are pleased to be joined by Clare Savage, Chair, Australian Energy Regulator (AER), and James Ha, our Research Lead for Australia, in conversation with our Managing Director for APAC and California, Hugo Batten. Clare has worked with some of Australia's largest businesses, including electricity and gas producers, as well as consumers, to develop a suite of integrated energy and climate change policies. Before joining the AER, she served as Deputy Chair of the Energy Security Board and, prior to that, as the Executive Director, Policy, Energy & Climate Change at the Business Council of Australia. Clare has also held executive positions within EnergyAustralia and the Energy Supply Association of Australia. Main topics include the following: • The current challenges facing the Energy Transition in Australia • Regulatory considerations throughout the Energy Transition in Australia • The importance of supporting innovation through the Energy Transition
As unemployment rate comes in flat, ABS' Head of Labour Statistics Bjorn Jarvis goes through the data. Plus, the Australian Energy Regulator on surging power prices and financial counsellors warn of skyrocketing buy-now-pay-later debts.See omnystudio.com/listener for privacy information.
The Australian Energy Regulator has confirmed people will see a spike in electricity prices, but the government says its intervention has prevented the worst of the increase. Senate estimates has also grilled government officials over the leak of confidential tax information by a former PwC employee. In English : Soofia Tariq ; In Tamil : Selvi - எதிர்வரும் ஜூலை முதலாம் தேதி முதல் மின்சார கட்டணம் உயர உள்ளது. அதேவேளை மறுபுறம் வரி ஏய்ப்பு குறித்த விசாரணையும் நடைபெற்று வருகிறது. இது குறித்து ஆங்கிலத்தில் SBS News - இற்காக Soofia Tariq எழுதிய விவரணத்தை தமிழில் தருகிறார் செல்வி.
The Australian Energy Regulator has confirmed people will see a spike in electricity prices, but the government says its intervention has prevented the worst of the increase. Senate Estimates has also grilled government officials over the leak of confidential tax information by a former PwC employee. - Kinumpirma ng Australian Energy Regulator ang paglobo ng presyo ng kuryente, pero sinabi ng gobyerno na sa pakikialam nito, napigilan nito ang pinakamalalang pagtaas sa singil. Ginisa rin ng Senate Estimates ang ilang opisyal ng gobyerno sa pagkakasiwalat ng isang dating empleyado ng PwC sa mga kumpidensyal na impormasyon sa buwis.
The Australian Energy Regulator has confirmed people will see a spike in electricity prices, but the government says its intervention has prevented the worst of the increase. Senate estimates has also grilled government officials over the leak of confidential tax information by a former PwC employee.
Australian households face a 25 per cent rise in power bills as the energy regulator sets new ceiling prices. The default market offer, established by the Australian Energy Regulator, determines the maximum price retailers can charge in certain regions. From the 1st of July, residential customers can expect price hikes ranging from 19.6 per cent to 24.9 per cent, while small businesses may see increases of 14.7 per cent to 28.9 per cent. - Австралійські домогосподарства зіткнулися з 25-відсотковим зростанням рахунків за електроенергію, оскільки енергетичний регулятор встановив нові максимальні ціни. Ринкова пропозиція за замовчуванням, встановлена Органом регулювання енергетики Австралії, визначає максимальну ціну, яку роздрібні продавці можуть стягувати в певних регіонах. З 1 липня приватні споживачі можуть очікувати зростання цін від 19,6 до 24,9 відсотка, а для малих підприємств – від 14,7 до 28,9 відсотка.
Tony Wood, Energy Program Director from the Grattan Institute speaks with Matthew Pantelis about the Australian Energy Regulator announcing changes to the default market offer which will see an increase in some power prices in South Australia of up to 25%.See omnystudio.com/listener for privacy information.
Clare Savage, chair of the Australian Energy Regulator, Daniel Andrews' misinformation on gas development in Victoria, and the full audio from the nuclear power debate in the Australian Senate, 22 March 2023.
There are moves by some energy retailers through the Australian Energy Regulator (or equivalent authority) to allow south eastern Australian rooftop photovoltaic panel owners to be charged for generating energy at peak times. We discuss this and a claim by a University of South Australia academic on Tuesday 21 March 2023 that there may need to be a levy to address the cost of recycling an estimated 80 million panels, or approximately 100,000 tonnes, of panels going into landfill at the end of their effective lives.
In the past year, Australians have been navigating the rising cost of living, including increased electricity and gas bills. One tool which gives us an insight into electricity prices for the next financial year is the default market offer (DMO), a draft of which has recently been released by the Australian Energy Regulator. The DMO suggests electricity prices will rise by an average of 20 per cent in the coming year. In this podcast, Tony Wood, Energy and Climate Program Director, and Alison Reeve, Energy and Climate Deputy Program Director, discuss what the DMO means for electricity prices and consumers, in a conversation facilitated by Esther Suckling, Associate.
The Australian Energy Regulator has approved price rises of around 20 per cent for some New South Wales, South Australian and south-east Queensland customers from July 1. Rhayna Bosch speaks with Gavin Dufty from the St Vincent de Paul Society Victoria for more. Plus SBS Finance Editor Ricardo Gonçalves speaks with Francesco De Stradis from Ord Minnett who says the recent sell-off sparked by the collapse of Silicon Valley Bank was overdone.
On Wednesday morning 15 March 2023 the Australian Energy Regulator released its draft Default Market Offer determination with significant price increases for South Australian, New South Wales and south eastern Queensland energy customers. We discuss the impact of the draft, if it comes to fruition from 1 July, with South Australia's shadow minister for energy and net zero, the SA Liberals' Stephen Patterson.
From the age of 12, Megan Patten knew she wanted to become a lawyer. However, less than two years after being admitted, she left legal practice. The realisation that she no longer wanted to be a lawyer, she says, was “like a bus hitting me”. (Content warning: this episode may be distressing for some listeners. Discretion is advised.) On this episode of the Protégé Podcast, host Jerome Doraisamy speaks with Australian Energy Regulator senior analyst Megan Patten about her lifelong desire to become a lawyer, the work she did once admitted, how and why she realised that she no longer wanted to work as a lawyer and the circumstances surrounding that epiphany. Ms Patten also details prioritising her health and wellbeing during that period of vocational discovery, re-evaluating her sense of self, what she now does for work and why she finds it so rewarding, whether she has regrets about her non-linear professional trajectory, and what other young lawyers can and should take away from her experiences. Help is available via Lifeline on 13 11 14 and Beyond Blue at 1300 22 4636. Each law society and bar association also has further contacts available on their respective websites. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!
Thil man a kai mi nih zapi kan khuasaknak a hnusuan ngai kan ti lioah, Australian Energy Regulator nih mei man kaih dingin thawng an thanh. Sile thawngpang a dihdongh tiang rak ngai ve dingin kan sawm.
Thil man a kai mi nih zapi kan khuasaknak a hnusuan ngai kan ti lioah, Australian Energy Regulator nih mei man kaih dingin thawng an thanh. Sile thawngpang a dihdongh tiang rak ngai ve dingin kan sawm.
Australians already dealing with rising cost of living pressures should also now expect an increase in their electricity bill. The Australian Energy Regulator increased its default offer price for three states, as some experts warn we could see the biggest rise in electricity prices in decades. This is a Russian language content. - Австралийцам, которые уже столкнулись с ростом стоимости жизни, теперь следует ожидать увеличения счетов за электроэнергию. На прошлой неделе Австралийский регулятор в сфере энергетики повысил базовую цену предложения для трех штатов. Некоторые эксперты предупреждают, что мы можем столкнуться с самым большим ростом цен на электроэнергию за последние десятилетия.
The Australian Energy Regulator increased its default offer price for three states, as some experts warn we could see the biggest rise in electricity prices in decades. - Regulator Energi Australia menaikkan harga penawaran standarnya untuk tiga negara bagian, oleh karena itu beberapa pakar memperingatkan bahwa kita akan melihat kenaikan harga listrik terbesar dalam beberapa dasawarsa.
Australians already dealing with rising cost of living pressures should also now expect an increase in their electricity bill. The Australian Energy Regulator increased its default offer price for three states, as some experts warn we could see the biggest rise in electricity prices in decades. - In-nies fl-Awstralja diġà qegħdin isibuha diffiċli biex ilaħħqu mal-għoli tal-ħajja, imma issa jistennew ukoll żieda fil-kontijiet tad-dawl.
Australian Energy Regulator increased its default offer price for three states, as some experts warn we could see the biggest rise in electricity prices in decades. - Itinaas ng Australian Energy Regulator ang alok na default price sa tatlong estado sa Australya.
Australians already dealing with rising cost of living pressures should also now expect an increase in their electricity bill. Today the Australian Energy Regulator increased its default offer price for three states, as some experts warn we could see the biggest rise in electricity prices in decades.
The Australian Energy Regulator has increased its default offer price for three states, and some experts warn we could see the biggest rise in electricity prices in decades.
Labor is blaming the Coalition for a surge in the cost of energy, which could see some households and small businesses pay up to 18.3% more for power next year. The cost of wholesale power has risen more than 140% in the last 12 months, prompting the Australian Energy Regulator to increase tariffs by between 8% and 18% NSW, QLD and SA.
Australians could be in for power bill shock after the Australian Energy Regulator ticked off a five per cent increase to the base price of energy. See omnystudio.com/listener for privacy information.
THE teachers' union has defended a high school that removed toilet doors on campus, blaming badly behaved students for the extreme measure to stem vandalism. Power prices for more than 60,000 South Australian households and businesses will skyrocket under a decision by the Australian Energy Regulator. Fifty people have been left suffering and in pain, concerned surgeons say, after elective surgeries – including urgent operations – were cancelled this week. COVID has forced some students at five South Australian schools to work from home while another three sites have closed classes to help stop the spread – just days before mask rules ease. See omnystudio.com/listener for privacy information.
It's no secret that energy bills are about to get more expensive. The Australian Energy Regulator is poised to release its pricing guide, including the standing market offer, which is what consumers will pay if they don't shop around.
Families could see their electricity bills go up by as much as $200 a year. The Australian Energy Regulator is expected to allow retailers to increase tariffs by 10% in the new financial year, because of rising wholesale costs. John Stanley talks to Joel Gibson, author of Kill Bills asking him what's driving up energy prices and if there is anything that households can do to get ahead of the curve with any cheap deals or fixed-rate plans. See omnystudio.com/listener for privacy information.
A transcript of this episode can be found here. This is the second episode in our series called “Renting Matters”, which explores all aspects of tenancy and other living arrangements, such as boarding or lodging and living in a Land Lease Community in NSW. This series is a joint project between the Tenants' Union of New South Wales (“TU”) and Legal Aid NSW. In this episode, “Cracks Emerge”, Bridget from the Community Legal Education Branch explores problems that arise during a tenancy, including issues about privacy; access to the property by the landlord or agent; repairs; security and utilities. We speak to Olivia, a Tenants' Advocate with the TU, about the sorts of issues people call the TU and other tenancy services about once they are in a tenancy. We also speak to Merrilyn, who volunteers on the TU advice line and who also works supporting clients with disabilities, including supporting them to maintain their tenancies when problems arise. There is useful information in this episode about how community workers can help clients address issues that arise during a tenancy. Use the links below to find out more information about what we talked about in this episode. Tenants' Union of New South Wales tenants.org.au - Look for the tiles on Repairs and utilities and Privacy, access and security . You can also enter your or your client's postcode at the bottom of the pages of the Tenants' Union website to find your closest local tenancy service. On the Tenants' Union website are these fact sheets: Bond Repairs and Maintenance Locks and security Access and privacy NSW Civil and Administrative Tribunal Smoke Alarms Disaster Damage Utilities Mould Asbestos and Lead Access Sample Letters Repairs Before Tenancy Repairs Urgent Repairs Reimbursement for urgent repairs Repairs to be carried out by owners corp Unpaid water charges Invalid water usage - efficiancy Rent reduction For Pests & vermin see the Fair Trading website. For information about the National Disability Insurance Scheme see: National Disability Insurance Scheme (NDIS) For information on Embedded Networks: Embedded network consumer | Australian Energy Regulator (aer.gov.au) Embedded networks on ABC's 7.30 Report | Tenants' Union Tenants' Union embedded network blog post “Hummmmm” LawAccess 1300 888 529 has useful information and links on its website about tenancy: Music: Fata Morgana by Yemanjo Editing by Tiffany Dimmack from Audiocraft Please send questions, comments and feedback to cle@legalaid.nsw.gov.au