Power companies urged to pass on savings

South Australia premier Jay Weatherill has urged power companies to ease the strain on their customers' finances.

The Essential Services Commission of South Australia has called for a $160-a-year cut on the energy bills of one-quarter of the state's households and businesses from next year, the Australian Associated Press reports.

This would be a godsend for many struggling Aussies who are finding it hard to keep their bank accounts in the black.

However, there are concerns that some suppliers may not pass the savings on to their customers and Mr Weatherill has urged them to do the right thing.

"It's something they can do; it's something they should do and it's something that I demand of them," he was quoted as saying.

Power prices are a major drain on people's finances and it seems that plenty of Aussies are taking matters into their own hands by installing solar panels.

The Australian Bureau of Statistics recently suggested that more than 600,000 households had embraced solar energy by the end of 2011 – up from just 118 in 2001.

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