Households spending huge amounts on energy

Thursday 31 May 2012

Article by Mozo

Homeowners throughout Australia are disillusioned with the huge cost of their energy bills – and the situation is only likely to get worse.

Many people have been forced to dip into their savings accounts in order to cover the extra expense, but a lot of Aussies do not have this luxury.

Therefore, a greater number of households are being forced into fuel poverty – the term used when a person spends more than ten per cent of their income on power bills.

According to energy comparison specialist Make it Cheaper, an extra 400,000 people will fall into this group when prices are hiked again in July.

Speaking to news.com.au, director of the website Tom Wolfenden said that carbon price increases will result in 2.1 million households descending into fuel poverty.

The problem, Mr Wolfenden confirmed, will be felt particularly badly in New South Wales, as 42 per cent of the state are expected to shell out more than ten per cent of their wages on electricity bills.

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Households spending huge amounts on energy

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