Incredible rise in energy costs continues
Average annual household energy costs increased by nine per cent in 2017-18 compared to 2016-17, according to the latest data from the Australian Bureau of Statistics (ABS).
Over the same period, however, household energy use remained stable with each Australian household using an average of 135 gigajoules of energy.
Despite households doing their bit to keep a lid on their energy use, Australian energy use still increased in 2017-18, according to the latest edition of the annual Energy Account released by the ABS on Wednesday.
Renewable energy sources have been restructuring over the last decade, with solar and wind energy emerging as key contributors to Australia’s electricity generation mix.
“Solar and wind energy are now comparable to hydro power in terms of contribution to the energy portfolio of Australia. While their overall contribution is still small, it is growing rapidly,” said Jonathon Khoo of the ABS.
Can you believe that energy prices increased nine per cent for average households in one year? Does more need to be done to rein in costs, especially for those living on fixed incomes?