AGL's Solar Sharer Plans Price Above Its Other Retail Offers, RenewEconomy Reports
AGL's Solar Sharer plan costs a high-consumption household on the Ausgrid network $3,270 a year, compared with $2,900 on the retailer's Residential Smart Saver plan, according to RenewEconomy. The comparison uses a typical high-consumption figure of 21.6 kWh a day.
The scheme was announced by Australian federal energy minister Chris Bowen in November, RenewEconomy reported. Under it, all electricity companies in NSW, South Australia and South-East Queensland are required by law to offer three free hours of electricity between 11am and 2pm from July 1.
The pattern repeats in Brisbane. On the Energex network, AGL's Solar Sharer offer prices the same high-consumption household at $3,170 a year, which RenewEconomy identifies as the dearest of the retailer's 37 plans there.
Compliance has also slipped. Energy Australia did not have a Solar Sharer offer in place by the legally required date of July 1, according to RenewEconomy. The Australian Energy Regulator did not penalise the retailer and extended the deadline to August 3 for it to list Solar Sharer pricing.
Ty Christopher, Energy Futures Director at the University of Wollongong, said the scheme has become a more expensive option for consumers because of how gentailers and retailers have implemented it.
Source: reneweconomy.com.au (opens in a new tab)1 sourcePermalink