❓ Hon Robin Chapple questions the Energy Minister regarding Synergy's tariff pricing and subsidies, particularly concerning whether prices reflect actual costs and the reasons for tariff reductions. The Minister acknowledges that several tariffs are subsidised due to past deregulation failures.
AnsweredQoN 1212Legislative Council
QuestionView source ↗
ENERGY OPERATORS
(ELECTRICITY GENERATION AND RETAIL CORPORATION) (CHARGES) AMENDMENT BY-LAWS
2015
1212. Hon ROBIN CHAPPLE to the Leader of the House
representing the Minister for Energy:
I refer to question without notice 1166.
(1) Are all Synergy tariff prices reflective of the actual
cost of electricity?
(2) If no to (1), which ones are not reflective and why?
(3) If yes to (1), why were the M1 and R3 tariffs reduced in
price?
(ELECTRICITY GENERATION AND RETAIL CORPORATION) (CHARGES) AMENDMENT BY-LAWS
2015
1212. Hon ROBIN CHAPPLE to the Leader of the House
representing the Minister for Energy:
I refer to question without notice 1166.
(1) Are all Synergy tariff prices reflective of the actual
cost of electricity?
(2) If no to (1), which ones are not reflective and why?
(3) If yes to (1), why were the M1 and R3 tariffs reduced in
price?
AnswerView source ↗
I thank the honourable member for some notice of the
question.
(1) No.
(2) They are
the home plan, or A1, tariff; SmartPower, or SM1, tariff; hot water plan, or
B1, tariff; community service plan, or C1, tariff; charity accommodation plan,
or D1, tariff; home business plan, or K1, tariff; business plan, or L1, tariff;
and business time of use, or R1, tariff. The government currently provides a
subsidy to Synergy in recognition that the price of electricity for these
tariffs is currently below the cost of supply. This has been necessary to
protect customers from significantly increasing electricity costs brought about
by the Labor government's failed deregulation of the energy sector.
(3) Not applicable.
question.
(1) No.
(2) They are
the home plan, or A1, tariff; SmartPower, or SM1, tariff; hot water plan, or
B1, tariff; community service plan, or C1, tariff; charity accommodation plan,
or D1, tariff; home business plan, or K1, tariff; business plan, or L1, tariff;
and business time of use, or R1, tariff. The government currently provides a
subsidy to Synergy in recognition that the price of electricity for these
tariffs is currently below the cost of supply. This has been necessary to
protect customers from significantly increasing electricity costs brought about
by the Labor government's failed deregulation of the energy sector.
(3) Not applicable.
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