9News: Price Drop

Peter Overton: We often report on the all too frequent rise in our power bills. But tonight, we have news that relief is insight.

The State price Regulator has given his biggest hint that prices are on the way down.

Ross Greenwood: At last – after four years of electricity bill shock – some relief.

Solar panel are the clue to the expected cuts. An iPART decision, about the prices households with solar panels get when they feed electricity back into the grid.

Paul Boxall: Before market leading indicates the wholesale place will drop on average by 40 per cent, from next year.

Ross Greenwood: iPART recommends from July that feed in tariff will drop from 12.8 per cent to 7.5 per cent per megawatt hour.

So if power prices drop, everyone wins.

A 40 per cent cut in wholesale electricity prices sounds big, and it is, but just remember that 40 per cent of your bill, is made up of that wholesale price.

The majority, is network charges, so that wholesale poles and wires. Still, 40 per cent of 40 per cent is a 16 per cent cut in your power bill.

Very welcome after the recent years big increases.

But it’s the big electricity price rises, that caused an explosion in solar installations.

Andrew Hanna: For us at the moment, demand is a bit endless. Enquires are coming in every day.

Ross: Castle Hill based Andrew Hanna is one of the top solar installer in Sydney. He says the feed in tariffs should be higher.

Andrew: If they reduce that, that gives people less incentive to install a system.

Ross: With big falls expected, the federal government stepped in to make sure retailers don’t con you with discount offers that are nowhere near as good as they seem.

Josh Frydenberg: We have invested significantly in a program to allow the public to more easily compare the offers available from the different retailers.

Ross: Ross Greenwood, Nine News.


9News: Oil Prices .

Interviewed  Andrew Dillon, CEO, Energy Networks Australia titled ” Has the Government introduced an emissions trading scheme? .”

Interviewed  Bob Carr, Former Foreign Minister, Director of Australian-China relations Institute titled ” Is Australia ‘Anti-China’? .”

Interviewed  Dr Mike Kelly, Federal Member, Eden-Monaro titled ” What happens after a disaster? .”

Interviewed  Dr Rachel David, CEO, Private Healthcare Australia titled ” Why your health insurance premium is creeping up .”

Interviewed  Dwayne Crombie, Managing Director of Private Health Insurance, Bupa titled ” Why do Private Health Insurance Premiums keep rising? .”

Interviewed  Greg Hunt, Minister,Federal Health titled ” Male and paying for pregnancy cover by his Private Health Insurance? You’ve got to be kidding… .”

Interviewed  Hamish Petrie, Founder,Inagogo titled ” Is it about time Uber got some competition? .”

Interviewed  Josh Frydenberg, Minister, Energy and Environment titled ” AEMO report warns of blackouts .”

Interviewed  Kelly O’Dwyer, Minister, Revenue and Financial Services titled ” Efficiency and Competitiveness of Superannuation – Kelly O’Dwyer .”

Interviewed  Mark Collette, Executive of Energy,EnergyAustralia titled ” EnergyAustralia profit drops despite rising prices .”

Interviewed  Mark Vassella, CEO, BlueScope Steel titled ” Rising energy prices threaten Aussie steel manufacturers .”

Interviewed  Michael Waters, Executive Director, Liquor Stores Association NSW ; ACT titled ” Why you’ll pay more for your beer .”

Interviewed  Nick Tarrant, Senior Industry Analyst,IBIS World titled ” Worst Australian discretionary income growth in 25 years .”

Interviewed  Peter Harris, Chairman, Productivity Commission titled ” Should banking competition be suppressed in the name of safety? .”

Interviewed  Rob Scott, Incoming CEO, Wesfamers titled ” Is our debt putting the economy at risk? .”

Interviewed  Shane Garrett, Sn Economist, Housing Industry Association  titled ” New home sales at lowest level since 2013 .”

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