Published on February 26, 2018 4:01 am, by Jen Bakker
Electricity prices in Tasmania are regulated. Aurora Energy is Tasmania’s only electricity retailer and is owned by the state government.
This means that customers don’t have the opportunity to source lower prices through competition. Although other retailers may enter the Tasmanian market, the heavily regulated energy market discourages this, probably due to the lack of profitability in the market for a large corporation. Unless the government deregulates electricity prices it’s unlikely that this will change.
A heavily regulated market may have been a good thing, as with wholesale power prices rising, and the potential of price hikes, prices have thus far stayed relatively steady.
So how do make savings?
Saving money on your electricity bill
Due to the lack of competition in Tasmania, reducing costs for electricity comes down to your eligibility for a subsidy and knowing how you can reduce your bill by changing your usage habits.
Check here to see you if you are eligible for concessions:
Tips for reducing energy consumption around your home
Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.