19 May 2022
Ausgrid to reduce prices from 1 July
Following Ausgrid’s annual pricing submission, the Australian Energy Regulator (AER) has approved an average reduction in network prices for the 2022/23 financial year. This decrease reflects the 5-year revenue path approved for Ausgrid by the AER in 2019.
The reduction will offer customers a saving on the network component of their bill, depending on their tariff and how their retailer passes through the charges. For a typical residential and small business customer the approved prices will result in a $15 and $21 per annum reduction in network charges (respectively).
Since 2014, Ausgrid has worked hard to lower network charges for average residential customers by $228 per annum
From 1 July Ausgrid will also trial new pricing incentives for residential solar and battery systems, electric vehicles and community batteries. These trials require the customers to ‘opt-in’ and are delivered in partnership with four retailers and a major electric vehicle manufacturer.
For more information about the proposal visit our website at www.ausgrid.com.au/prices
. You can also read more about Time of Use tariffs