Sykes seeks explanation on electricity price hike

The Nationals Member for Benalla Bill Sykes is seeking an explanation from the Minister for Energy after local residents reported electricity price hikes in excess of 20%.

Dr Sykes said he had received complaints from several residents after TRUEnergy sent out letters which detailed increases in the supply charge, peak rates and off-peak rates.

“The State Government claimed before Christmas that the electricity price rises would be 17.5% but I’m already receiving reports from local residents who are facing huge increases,” Dr Sykes said.

“The supply charge has gone up by 22% while the off-peak rate is up by more than 34%. On the surface, these increases appear excessive and I’ve written to the Minister for Energy to seek an explanation on behalf of the local community.”

Dr Sykes said the increased energy costs would have a direct impact on businesses and household users.

“At a time when many people are struggling to make ends meet with higher interest rates, increased fuel costs and the impact of the drought – a big jump in electricity prices is going to make things tougher for everyone,” Dr Sykes said.

“TRUEnergy and the government have both blamed the drought and the lack of water for affecting the capacity to generate electricity but I’m not convinced about the need for price increases in excess of 20%.

“I think all country Victorians will be interested to hear the Minister’s explanation.”

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