Wednesday June 10, 2015
Member for Mulgoa Tanya Davies has welcomed the decision by the Australian Energy Regulator (AER) on 3 June 2015 to reduce gas network charges by the privately-owned NSW gas distribution network operator, Jemena.
Network costs account for approximately 50 per cent of the average residential gas bill, meaning that any decrease in network costs will significantly lower a customer’s total retail bill.
Tanya Davies said the decision will deliver savings for the State’s estimated 1.3 million gas customers.
“We’ve put an end to Labor’s double-digit electricity price rises and now we’re seeing real decreases in gas network costs,” said Tanya Davies, “That means more money back in the pockets of customers and less money spent on energy bills.”
From 1 July 2015, Jemena will lower its network charges by 34 per cent, delivering up to $137 in immediate savings for households, with further reductions flagged in the subsequent four years to 2020.
“Customers are in the driver seat to take advantage of these savings and I encourage people to shop around, find the best deal and save money,” Tanya Davies said.
Jemena has proactively moved to reduce their gas network charges for households in NSW to keep natural gas competitive for homes and small businesses.
Tanya Davies said small business customers will also benefit, with projected network reductions of nine per cent in 2015-16.
“With around 15,000 small business customers in NSW, these reductions could mean up to $1,657 off an average annual gas bill,” Tanya Davies said.