Money Origin Energy offer power bill relief

15:10  05 june  2018
15:10  05 june  2018 Source:

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Energy consumers in New South Wales, Queensland and South Australia are set to benefit from price cuts of up to 4% after Origin Energy announced bill relief from July 1.  

Electricity prices in Queensland and South Australia will be slashed and Origin Energy said this morning it would also freeze tariffs in New South Wales and the ACT.

Under Origin's pricing plan, electricity prices for residents would be cut by a little more than 1% in south-eastern Queensland and South Australia, that figure is 4% for small businesses in the sunshine state, and 1.4% in South Australia.

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Origin Energy - a leading energy provider in Australia. Good energy is more affordable. Great offers and discounts can mean smaller bills and bigger savings. We're on our way to powering 1.5m people with renewables.

Origin is an Australian listed public energy company with headquarters in Sydney. It is an Australian Stock Exchange publicly listed company. Origin Energy was formed in February 2000, as a result of a demerger of the Australian conglomerate, Boral Limited

While there's a price freeze on electricity in New South Wales and the ACT, gas prices will be cut by 3% for residents and 4% for small businesses in New South Wales.

Speaking on World Environment Day Energy Minister Josh Frydenberg declared the cuts a "step in the right direction."

"I welcome today's announcement by Origin that they are reducing power prices in South Australia and Queensland, for small businesses this could mean a 4% reduction in power bills, about $100 a year," he said.

"We are through the worst of it we have turned the corner when it comes to energy prices," he added.

A multi-point power board is seen in Melbourne. © AAP Image/Julian Smith A multi-point power board is seen in Melbourne. Origin is the first of the energy companies to announce their price plans for the financial year starting on July 1.

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Save up to 80% of the cost of home electricity by utilizing free energy . This free energy can be easily generated from natural resources that are available in abundance. Few devices are needed to convert these resources into free power .

Origin said on Tuesday residential and business customers of Origin Energy in NSW and ACT will get a small cut in their gas bills on July 1 but no relief from high electricity prices. Households in southeast Queensland and South Australia will see 1 to 1.3 per cent shaved off their power tariffs

The retailer says it's the first time since 2015 there won't be an increase to its mid-year electricity prices.

In announcing the cuts, Origin Energy's General Manager Retail, Jon Briskin also backed the Government's National Energy Guarantee

It requires providers meet two targets, a reliability guarantee and an emissions guarantee.

"We believe we can drive electricity prices even lower for Australian households and businesses, if we can agree on a long term energy policy to encourage timely investment in new supply to replace the nation's aging power stations.

"We encourage the industry and governments at all levels to stay the course and continue to progress the National Energy Guarantee," Mr Briskin said.

The government claims the NEG could save households $300 a year, and more for small businesses.

But it faces a battle with the states.

"I'm confident we can get the support of the states, and of course the support of my colleagues to legislate this important reform," Minister Frydenberg said.

When asked on Sky News if he hoped other companies followed suit on price cuts, Minister Frydenberg said, "absolutely."

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