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Tasmania electricity prices drop 1 July. How much will you save?

Posted: 30 June 2021 2:15 pm
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Households in Tasmania frustrated with high electricity bills will welcome the 1 July price drop which could save them up to $145 per year.

Energy poverty is a real cause of concern for 59,000 households in Tasmania, according to Tasmania Council of Social Service (TasCOSS).

It's keeping this in front of mind that residents will welcome drops in their electricity bills of up to $145 per year depending on their tariff.

The news comes following the Tasmanian Economic Regular's (TER) decision to reduce energy pricing for residential customers signed up to Aurora Energy by 7.11% from 1 July 2021 to 30 June 2022.

  • Good to know: The price cut is for Aurora Energy customers only. It's the only regulated electricity supplier in the state.

While speaking to the media, Energy Minister Guy Barnett said the overall reduction in electricity prices would result in savings of $30 million for the 243,000 households in Tasmania.

This change is part of the government's Tasmania-First Energy Policy, which aims to deliver the lowest regulated electricity prices in the country by 2022.

New Tasmania electricity prices supported by Aurora Energy

The CEO of Aurora Energy, which is one of two electricity retailers in the state, said the TER's decision would be welcomed by residents who've had a tough year.

"Tasmanians have had a challenging year, so we're pleased to pass on substantial electricity price decreases to our residential customers," CEO Rebecca Kardos said.

"We encourage any customer who may be struggling to keep on top of their bill and are in need of support during this time to get in contact with us.

"We have more support available than ever, including our $5 million COVID-19 Support Fund as well as a range of flexible payment options and tailored support through the Your Energy Support (YES) program."

Small businesses owners won't be left behind either

Similar to the residential electricity price drop, small businesses is Tasmania will also experience some reprieve on their power bills starting 1 July.

They'll see a decrease of 11% on the regulated electricity prices for the same 12-month period. This will amount to $183 in savings per year or $5.3 million for 29,000 small businesses.

Since the state government's decision to carry out plans on its Tasmania-First Energy Policy (starting from 2017-18), electricity prices have decreased by 18.04% for residential customers and 27.18% for small business customers.

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