Bass Strait islands electricity price rise limited to inflation

22 June 2017

The annual price rise for electricity on the Bass Strait islands has again been limited to inflation (Consumer Price Index).

The price for customers on King and Flinders Islands will increase by 1.5 per cent from 1 July 2017. That’s lower than the 1.7 per cent CPI price rise recorded on 1 July last year, and much lower than the 3.77 per cent rise in 2015/16.

The Chief Operating Officer of Momentum Energy, Stuart Rainsford, said the new energy tariff from 1 July 2017 will be 27.84 cents per KWh.

“No price rise is ever welcome. But thanks to careful cost management, we’re pleased to be able to limit the increase to the bare minimum, which is CPI, for the second year running,” Mr Rainsford said.

“Hydro Tasmania and Momentum Energy are proud to be powering the Bass Strait communities and supporting their development,” he said.

The Tasmanian Government also subsidises a range of concessions and rebates to support customers in need.

Connection fees and other service fees for the Bass Strait islands have also been revised. There are details at www.momentumenergy.com.au/about/bass-strait-islands.

Hydro Tasmania provides electricity to the Bass Strait islands under a Community Service Obligation (CSO), subsidised by the Tasmanian Government. Retail services are provided by Momentum Energy.

The CSO effectively protects customers on the islands from fluctuating diesel costs. The Bass Strait islands energy tariff is now approaching parity with mainland Tasmanian prices.

Momentum Energy will write to all customers on the islands, advising them of rate and fee changes. Any questions should be directed to Momentum Energy on 1300 662 778. You can download the Bass Strait electricity tariffs from 1 July 2017.

Ends.

Released by Rowan Dix for Hydro Tasmania (on behalf of Momentum Energy), (03) 62305330 / 0409 722359 / rowan.dix@hydro.com.au.
  

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