Green Energy Price Rise Catches Consumers Unaware

What a way to start the New Year!  Big price increases hit people on their green energy contribution.  Even more of a reason to lock in stable low cost energy with your own system. Here's the story from SMH:

Consumers want answers after energy providers have announced a price increase of up to 41 per cent for their green energy contribution to coincide with the new year.

In the days leading up to Christmas, Origin Energy customers were notified that "a rise in the market price of renewable energy" meant GreenPower electricity charges would increase from 3.61¢ per kilowatt hour (excluding GST) to 5.10¢ per kilowatt hour from January 1, 2016.

The increase was so steep, northern NSW resident Russell Mills was sure there had been a mistake.

"I did the maths very quickly and it came up as a 41 per cent increase. I thought that's substantial, am I missing something?" he said. 

"There was nothing in the letter explaining the rationale for it, so I rang them and I spoke to three different people who could tell me no more, just that it was due to changes in renewable energy prices."

Read more here.