Energy price updates, 1 July 2020
Wednesday 01 July 2020
From frozen fingers to runny noses, winter chills the body from head to toe. And today, many Aussie households are feeling the biggest chill of all: the July 1 energy price updates.
As we know, the COVID-19 lockdown began in early March, which saw many Aussies having to adjust to work life from the comfort of their couch or unfortunately, experience financial hardship for the very first time.
And since Aussies were spending a lot more time at home, higher energy bills were a given.
But it looks like energy customers may be in for a surprise as many retailers have announced they will be lowering electricity and gas prices for both residential and small businesses customers.
Energy giant, Origin Energy is one of the retailers who have announced price decreases.
Queensland and South Australian customers will see decreases of between 4% - 5% for electricity, while Aussies in New South Wales and the Australian Capital Territory can expect a decrease of between 0.6% - 0.7%.
“We’ve seen increased pressure on household budgets with the economic impacts of COVID-19 and higher electricity use with people at home more, so we are pleased to be able to provide some relief to customers through lower energy prices,” said Origin Executive General Manager Retail, Jon Briskin.
The table below shows the electricity price changes of the cheapest market offers by retailers and are based on an annual usage of 4000kWh*.
Think it’s time you switched to a better deal? Head on over to our energy comparison tool to compare some of the current energy deals or get started by entering your postcode below.
*Cost estimates are based on a household using 4,000 kWh per annum, based on the cheapest ‘anytime’ tariffs (excluding plans specifically for solar customers) from each provider before and after 1 July 2020. Different usage assumptions will produce different results. For NSW the cost estimates are an average of the three distributor regions in the state and actual prices will depend on which distributor area you live in.
Read our last electricity price update update