Do electricity prices go up more than they go down?

Angus Kidman 27 October 2016

EnergyWorker_Shutterstock

Forget infrastructure, it's the bills that have us stressed.

Earlier this week, market research firm Ispos released the results of a survey into Australian attitudes to infrastructure. One thing we learned was that Australians think our current broadband infrastructure is a tad on the rubbish side.

The ISPOS report also examined what we think about electricity infrastructure. Here's what emerged:

The ISPOS review describes community attitudes as "split", with 38% selecting one of the "good" options and 40% one of the "poor" choices. Tellingly, 23% of people don't have an opinion. The brutal reality is that many Australians only think about energy infrastructure when there's an unexpected blackout.

While there are plenty of controversies around nuclear energy, wind power and global warming, most of us are still more concerned about whether the lights are on. Beyond that, we're probably too lazy to have a view; indeed, most of us are too lazy to even contemplate getting electricity and gas from different companies

The other aspect we care about is what we pay. Consumer price index (CPI) figures released this week show that electricity prices have gone up 5.4% in the last quarter. That's an ouch moment, but is it part of an ongoing trend?

Electricity prices are actually more volatile than you think. The chart below shows the percentage changes each quarter in Australia over the last decade.

Two things are notable here: electricity prices do go up slightly more often than they go down, and when they go up it tends to be by larger percentages. That should be enough incentive to check out whether you could score a better deal elsewhere.

Angus Kidman's Findings column looks at new developments and research that help you save money, make wise decisions and enjoy your life more. It appears Monday through Friday on finder.com.au.

Latest news headlines

Picture: Shutterstock

More great ideas from finder.com.au

Get a life insurance quote
Get a life insurance quote

Find out what it costs to protect yourself and your family

More info...
Refinancing home loans
Refinancing home loans

Choose from offers with rates as low as 3.39% p.a.

More info...
Google Pixel
Google Pixel

Compare plans for Google's flagship Android phone

More info...
Christmas ideas
Christmas ideas

Visit our Christmas homepage for gift ideas, markets, travel & deals

More info...

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback