Electricity bills to increase by 13 per cent in 2009
QUEENSLAND households will have to find an extra $230 to pay for their power bills next year.

The Queensland Competition Authority has announced in a draft decision that electricity prices will increase by 13.63 per cent next financial year.

The increase is the third since the Government promised there would be downward pressure on prices with its decision to deregulate the electricity market.

further price hike could also be imminent with suppliers AGL and Origin fighting in the courts against previous QCA increases they claim were too small.

Previous price increases have been 5 per cent and 11 per cent.

The QCA said prices would have to rise because of a 15.8 per cent in energy costs, due to rising fuel and capital costs and an increase in the transmission and distribution costs of 12.3 per cent.

Queensland Energy Minister Geoff Wilson said he would now examine the proposal.
``I recognise that it's a blow for Queenslanders struggling on tight budgets,'' Mr Wilson said.
``I've directed my department to closely scrutinise that decision to ensure that that proposal by the Queensland Competition Authority provides nothing other than for the genuine increases in prices for electricity over the last 12 months.''
 


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