Origin’s South Australian customers will see lower electricity base rates from 1 July 2018, turning around the recent trend of price rises in that state.
The 1.1 per cent overall reduction can see households save $25 and small businesses save $107 on average annual electricity bills[i], and reflects a drop in wholesale prices helped by Origin’s investments in new energy supply in South Australia.
Origin’s Executive General Manager Retail, Jon Briskin said, “South Australians have been feeling the pinch of higher electricity prices and while this is a modest turnaround, we are glad to be delivering better news this year.
“Our agreements with the Pelican Point Power Station and Bungala Solar Farm have helped stabilise the National Electricity Market and lower wholesale energy prices, the benefit of which we’re passing on to our South Australian customers.”
Origin is the first retailer to announce electricity prices to take effect from 1 July 2018. The changes apply to its base tariffs and there could be further savings available for households that sign up to competitive market offers.
“We’re encouraging all customers to use comparator tools available to check that they are on a great deal, including looking at both base rates and discounts,” Mr Briskin said.
Last year, Origin announced the smallest retail price increase of all major retailers in South Australia and absorbed that price rise for its customers in financial hardship.
[i] Based on an average Origin residential customer electricity bill of $2510 assuming 5517 kWh annual usage on base rates and an average Origin small business customer electricity bill of $7625 assuming 17,385 kWh annual usage on base rates.
See if you can save – in seconds.