News

Power prices to rise by up to 19%

THE cost of electricity is set to skyrocket under a new draft determination by the Independent Pricing and Regulatory Tribunal (IPART).

The draft decision allows for an average price increase of 16% across NSW (including inflation) from July 1.

According to IPART, the increase is a result of rising network costs and the introduction of the carbon price.

Average price increases will vary for customers of the three regulated electricity retailers as follows:

Energy Australia customers will see an increase of 19.2%, which translates to an extra $6.50 per week or $338 per year.

Integral Energy customers will face an increase of 10.3%, which translates to an extra $3.51 per week or $182 per year.

Country Energy customers will pay 17.6% more, which translates to an extra $7.32 per week or $381 per year.

IPART chairman Dr Peter Boxall said about half the increase was because of the forecasted rise in costs faced by the retailers from the electricity network - or the poles and wires.

The other half was due to increasing wholesale electricity costs faced by the retailers due to the introduction of a carbon price on emissions from electricity generators.

"We are aware that these proposed price increases will be difficult for many customers, but they are necessary to ensure that retailers can recover the costs of providing electricity and remain financially viable," Dr Boxall said.

IPART's draft report and accompanying documents are available at ipart.nsw.gov.au.

Submissions on the report are due on May 10, before a final report in June.

Topics:  independent pricing and regulatory tribunal




Could Lismore have the country's next top model?

The Junior, Intermediate and Senior winners of the Tamblyn Young Model Discovery at Lismore Shopping Square. The winners will now head to the national final in November.

Local finals of the Tamblyn Young Model Discovery

Woman arrested for punching, breaking windows

Police sation Coffs harbour Photo Trevor Veale / Coffs Coast Advocate

An off-duty police officer arrested the woman

Prestigious award for the best burial crypt in town

FE Marsh & Co has won an award for their work on St Carthage's Cathedral, which included the construction of a new 12-vault burial crypt beneath the floor.

Awards for fancy pools and underground crypts

Latest deals and offers

Dance to Tora's groovy chillwave

LOCALS: Byron Bay music band Tora arem, from left, Toby Tunis-Plant, Thorne Davis, Shaun Johnston, Jai Piccone and Jo Loewenthal.

The five-piece will offer a live show in Byron Bay later this month.

New Australian film a Goldstone

STARS: Jacki Weaver and David Wenham in a scene from the movie Goldstone.

Detective Jay Swan is back to the big screen

New releases: Music for super heroes

MUSIC FOR HEROES:  Artwork for The Music of DC Comics: Volume 2.

The Music of DC Comics: Volume 2 on CD and digital formats

#SaveMarinaJoyce: How ISIS theory took over youtube channel

One young Youtuber accidentally gave rise to a conspiracy theory

Local musos: Ask Minister Grant for a music grant

OPPORTUNITY: Deputy Premier and Minister for the Arts Troy Grant has asked NSW musicians to apply for the Opportunity Development Grants Program.

Applications close on Tuesday, September 6.

Talking whiskey with Jack Daniel’s master distiller

It all comes down to the distillery

Queensland's $1 town goes under the hammer today

The township of Yelarbon is up for sale.

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

Massive residential 9-storey high-rise hit by delays

An artist’s impression of the eight-storey-high apartment complex that Bernoth Holdings wants to build in South Toowoomba, next to the City Golf Club.

Developer struggles to get approved high-rise development started