Electricity Network Costs Remain Flat

  • Household electricity network charges cut by $90 since 2016
  • Jemena to keep costs flat for households and cut $23 for small businesses in 2019
  • Victorian customers have their say on future electricity distribution costs through Jemena’s People’s Panel

Leading energy company, Jemena, has today announced its electricity network costs will remain flat for its Victorian customers for 2019.

Jemena Executive General Manager, Customer and Markets, Shaun Reardon said the company was focused on keeping costs stable for its customers and had saved households $90, or 15 per cent, in electricity network costs since 2016 while continuing to increase reliability.

“Doing our bit to try and keep electricity prices steady for Victorians was at the heart of our decision not to increase costs for 2019,” said Mr Reardon.

Each year electricity distribution businesses review the network prices they charge to deliver power to homes and businesses across the country, within the parameters set by the Australian Energy Regulator’s five yearly determinations.

“Not only have we reduced costs for residential customers by 15 per cent since 2016, our reliability and safety continues to increase. From 2016 to 2017 the frequency of unplanned outages on the Jemena Electricity Network decreased 11 per cent with the duration of those outages also decreasing 14 per cent,” said Mr Reardon.

“As part of our commitment to our customers we have continued to improve our reliability and safety while keeping prices stable.”

Customers want a future-focused network

In August this year Jemena held a series of People’s Panel meetings with residents and local business owners across north and north-western Melbourne to help shape future electricity pricing and services.

“Customers told us they want affordable energy balanced with investment in an efficient future-proof network,” said Mr Reardon.

“As an energy company we need to embrace innovation and look to new technologies to evolve the electricity grid so it continues to deliver reliable and affordable energy while supporting innovations such as increased solar use, batteries, peer-to-peer electricity trading, and Electric Vehicle charging stations.”

/Public Release.