12 December 2019

January 2020 Victorian price changes

Last month, Victoria’s Essential Services Commission announced an average 7.8 per cent increase to the Victorian Default Offer (VDO) for both residential and small business customers to take effect from 1 January 2020.1

 

 

Origin has decided that our Victorian residential and small business customers on the VDO will receive this price change, which is driven mostly by rising wholesale and network prices, from 1 January 2020. 

“Origin’s electricity prices will change on 1 January for residential and small business customers on the Victorian Default Offer in line with changes announced by the Essential Services Commission,” said Jon Briskin, Executive General Manager, Origin Retail.

“Origin has also decided that residential customers in Victoria on discounted market offers will receive a price change that aligns with the changes to the VDO.”

“We know that some of our customers are doing it tough, and that is why we are focused on providing support and price relief to our most vulnerable customers including an automatic 5 per cent discount on the VDO for concession card holders.”

“For customers who are having trouble managing their energy bills, we encourage them to contact us to discuss the range of payment plans and support we have available.”

Additionally, Origin small business standing offer customers on Time Of Use tariffs will see an average 14.5 per cent reduction in their bill as a result of the VDO being extended to apply to these customers from 1 January 2020.2

Origin will absorb an increase in network costs for natural gas, so natural gas prices will remain unchanged for all customers on 1 January 2020.

[1] https://www.esc.vic.gov.au/media-centre/regulator-sets-default-offer-price-2020

[2] This is the weighted average of price changes across Origin’s small business customers on Time Of Use tariffs with annual consumption less than 40MWh. 


Contacts

Media
Stuart Osbourne
Ph: +61 427 586 401