Expert warns consumers may turn to power blackouts in order to cut costs
Australians who are concerned about rising electricity bills may find they are members of a growing club, as more and more people speak out about price hikes.
According to News Limited the electricity costs will continue to increase over the next five years, with families hardest hit by the changes.
In an interview with the news provider Australian Competition and Consumer Commission chairman Rod Sims said the rise in costs is due to power companies wanting to drive profits, resulting in people cutting back on their own energy consumption.
"At the end of the day, it is how many minutes of interruptions (is acceptable)? You may find your power is out a bit more," he said.
Mr Sims also made it clear that he could empathise with the stress many families are feeling, saying: "I totally understand why people are angry."
With this in mind, individuals and their families may be looking to other means in order to meet their energy needs.
And while it is unclear whether companies will announce further increases when the carbon tax is introduced, it seems that most experts feel this is almost certainly the case.
Savvy consumers may, therefore, find it beneficial to compare electricity suppliers in order to make sure they get the best value for money.
Posted by Charlie Moore