CPI increase for Bass Strait Islands’ electricity tariffs

The price of electricity for customers on King and Flinders Islands will increase by 3.60 per cent from 1 February 2012. The price rise is linked to the Consumer Price Index.

The Department of Treasury and Finance has agreed to the revised tariff schedule for the Bass Strait Islands for 2012 in accordance with the requirements of the Community Service Obligation (CSO) under which Hydro Tasmania provides electricity to the Islands.

The Tasmanian Economic Regulator has acknowledged the increases, and the tariff schedule is published under the provisions of the Electricity Supply Industry Act 1995 and Regulation 5(1) of the Electricity Supply Industry (Tariff Customers) Regulations 2008.

The tariffs do not take into account the cost of delivering electricity services to the Bass Strait Islands, and a significant part of the cost differential is subsidised by the Tasmanian taxpayer through the CSO.

The revised tariffs will be applied on a pro-rata basis commencing with the first customer bills issued after 1 February 2012 and will be advertised in local newspapers.

Find out more about the Bass Strait Islands >

For more information please contact Samantha Meyer on 03 6230 5746.