Power bills cut for Victorians
A new ruling from the Australian Energy Regulator could see some Victorian householders slash $120 off their electricity bills over the next five years.
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The AER released its final decision earlier this week on the costs that electricity distributors can pass on to consumers for electricity poles, wires and metering, eliminating certain costs that can account for up to half a typical power bill.
Householders are expected to save an average of between $50 and $120 over the next five years, while small businesses should see their electricity bills cut by up to $99.
Under the proposals made by the distributors to the AER, electricity bills would have increased by up to $225 by 2020.
