Tuesday 24 May 2022 05:04 PM Why your powerbill could spike next week as temperatures plunge in NSW and ... trends now
Households could see their power bills spike by 130 per cent in just a few days time as temperatures plunge and the increasing cost of living takes a toll.
Power companies have written to customers warning usage costs could more than double as the cost of coal and gas continues to spiral upwards.
Energy retailer Discover Energy warned its supply charges could increase by at least 130 per cent as the cool weather takes hold across New South Wales.
The power cost hikes are the latest blow to households struggling to cope with the cost of living after first petrol prices, and then grocery bills began to surge.
It comes as the first week of winter steadily approaches in just a few days time, causing temperatures to plummet and energy bills to skyrocket.
Households could see their power bills spike by 130 per cent in just a few days time as temperatures plunge and the increasing cost of living takes a toll (stock image)
Consumers have received 'frightening' letters from their power companies in recent days warning usage costs will jump in some cases as much as $1,200 a year for an average three-to-four person household
Sydneysiders have been told to brace for a potential La Nina Winter as meteorologists track weather patterns from Tahiti to Darwin.
Modelling forecasts an increased chance of above-average winter to spring rainfall as the start of July brings cooler temperatures.
Sydney has been drenched with unrelenting downpours since Monday, with experts warning the wet weather will last until at least Sunday, and maybe beyond.
The city has experienced the wettest start to a year in recorded history with residents drenched 95 of the 143 days so far.
Predictions of persistent wet weather and an imminent drop in temperatures will mean residents fork out more for gas, on top of other household bills.
Consumer advocates have warned householders they should keep an eye out for letters from their power companies until mid-June.
Power companies have warned that the price of power for consumers would rise between 58 per cent and 100 per cent - up to $1,200 for average three-to-four person households in Queensland, South Australia and NSW.
Joel Gibson of One Big Switch called the expected rises 'a frightening start to the price rise season' and urged residents to do their research.
Predictions of persistent wet weather and an imminent drop in temperatures will mean residents fork out more for gas (pictured, shoppers in Sydney in February)
The power cost hikes are the latest blow to households struggling to cope with the cost of living after first petrol prices, and then grocery bills began to surge (pictured, Coles shoppers)
'Over the next three weeks, I'd expect every household to get a letter from retailer saying what they're doing with their prices,' he said.
The reason for checking the mail before the price rise hits is so homeowners can shop around for cheaper prices before getting slugged with a hefty bill.
Mr
