High Electricity Prices causes Rise in Late Payment
In the past three months, 1.1 million Australian households failed to pay their energy bill on time according to credit information agency Veda Advantage.
A seriously worring trend shows that customers who missed a payment in any given quarter has risen by 40 per cent in the past 12 months.
Chris Gration of Veda Advantage said: "It's a really worrying situation because there is clearly a growing group of people having difficulty with utility bills as the costs continue to rise and it doesn't look as though things are going to get any easier".
Fuel Poverty in New South Wales has now hit a record high, and with a proposed 18% electricity price hike due in July 2011, things are not going to get any easier.