Origin Energy announces price rise

The cost of living is set to rise for many Dubbo residents and business owners, with Origin Energy joining the ranks of energy retailers to increase their prices from July 1.

Residential customers will face a weighted average (calculated using customers on the standing rate) retail price increase of $282 per year (excluding GST) for their electricity – the equivalent of a 16.1 per cent rise.

The increase, which will add about $5.40 a week to the average household bill, was announced alongside gas price rises of 8.5 per cent.

Small business customers will also be hit hard. The weighted average price rise means their electricity will increase 18 per cent ($14.38 a week), while gas will rise 6.3 per cent ($6.00 a week).

But not everyone will be hit by the increase.

“We are protecting our most vulnerable customers from rising power prices, by ensuring those in our hardship program will not pay this price increase,” Executive General Manager, Retail Jon Briskin said.

It follows announcements by EnergyAustralia, and AGL last week.

EnergyAustralia residential customers in Sydney are set to face electricity price increases of 19.6 per cent – or $346 a year, while AGL will increase electricity prices by 16.1 per cent and gas prices by 9.3 per cent.