LOWER GAS NETWORK COSTS WELCOMED
Written on the 4 June 2015 by Kevin Conolly
Kevin Conolly MP, Member for Riverstone welcomed the decision by the Australian Energy Regulator (AER) to reduce gas network charges by the privately-owned NSW gas distribution network operator, Jemena.
Network costs account for approximately 50 per cent of the average residential gas bill, meaning that any decrease in network costs will significantly lower a customer's total retail bill.
Mr Conolly said "This will deliver savings for the State's estimated 1.3 million gas customers and means more money back in the pockets of the customer."
"From 1 July 2015, Jemena will lower its network charges by 34 per cent, delivering up to $137 in immediate savings for households, with further reductions flagged in the subsequent four years to 2020.
"Customers are in the driving seat to take advantage of these savings and I encourage people to shop around, find the best deal for you and save money."
Jemena has proactively moved to reduce their gas network charges for households in NSW to keep natural gas competitive for homes and small businesses.
Mr Conolly said "Small business customers will also benefit, with projected network reductions of nine per cent in 2015-16.
"With around 15,000 small business customers in NSW, these reductions could mean up to $1,657 off an average annual gas bill," Mr Conolly said.
Author: Kevin Conolly
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