Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
Wagga households anticipating sky-high power bills each quarter could expect some relief in the not too distance future.
The cost of electricity for residential consumers is expected to fall by an average of about $100 over the next three years, according to a new report into electricity price trends.
Country Family Planning financial planner Kiri Taupo said the biggest cost to people are quarterly bills and therefore, households are highly conscious about their usage.
This not only included power bills, but rates, water and gas expenses as well.
Although the suggested electricity cost cutback was "not a significant drop," Miss Taupo said any reduction could make a difference to somebody's everyday living.
"Obviously budgeting is the main thing that clients are concerned about, being able to afford their bills," she said. "It has caused families to struggle and look at where they can cut back in other areas.
"Any reduction is going to be nice for a family."
She advised people to "shop around and look for a better deal" rather than wait for electricity prices to drop.
In other news:
St Vincent de Paul's Wagga Central Council president Peter Burgess said high power prices are causing many local residents to reach out to the charity for assistance after they find themselves struggling to pay the costly bill.
In the past six months, Mr Burgess said about $100,000 of state government money, as well as, the charity's own resources have been distributed to support those who need it.
"We are all anxious about bills. It is money more than anything that causes us to lose sleep ... It's the resources to keep yourself and, particularly your family, safe, which is the things that causes families angst and the greatest concern," he said.
"Anything that reduces power bills has to be a plus."
Australian Energy Market Commission chairman John Pierce said price trends will affect individual households differently depending on how much electricity each consumer uses and the willingness to switch to a better energy deal.
Mr Pierce said knowing how much power one's household uses, as well as, when will be important in controlling electricity bills in the future.