Shocked by the Cost of Power?
Tuesday, 27th September 2011
In an exclusive on Channel 7's Today Tonight last night, Damien Hansen featured a story about a little known loophole in Government legislation that allows people to get their power for half the price. That loophole should be found in every state.In an exclusive on Channel 7's Today Tonight last night, Damien Hansen featured a story about a little known loophole in Government legislation that allows people to get their power for half the price. That loophole should be found in every state.
Following is the transcript from last night's story.
The ongoing battle against rising power costs has revealed that it only takes cooperation with others to get the negotiating power to slash your bill.
Carol Wright's a consumer campaigner and electricity broker, and she wants you to know just how easy it is to pay less for your utilities.
No more letters of demand from electricity retailers, no more estimates - Wright's solution is to have your body corporate buying power from a wholesaler, at a discounted bulk rate, doing the readings, and sending you the bill.
"We need absolutely every apartment holder or account holder to sign a contract with the body corporate to supply electricity, rather than their retailer," she said.
According to Wright, thousands of people around the country are eligible, and they don't even know it. Under Queensland laws whatever the body corporate purchases the bulk electricity at, they have to on-charge you that cost price.
Wright says if governments in other states are serious about helping people save, they'd adopt the Queensland legislation.
"What I'd like to see is something similar to our legislation in all of the States, which would make say New South Wales achieve between four and six hundred account holders to get the same benefits as we do."
Effie Elavarous lives in a high-rise building on Queensland's Gold Coast - a mecca for pensioners, and a hotbed for potential power bill savers.
"It appears there is a small number that are on the bulk billing tariff, and there is a huge number that could actually cap in on it and make huge savings," Wright said.
Elavarous hasn't received a bill from an electricity retailer in years. "It is a significant saving - a trip overseas, an air conditioner, hospital bills - It is whatever you like".
"I know it sounds too good to be true, and normally the saying is 'if it is too good to be true, it is', but this is fact," Wright concluded.
For more information go to http://au.news.yahoo.com/today-tonight/latest/article/-/10343332/half-pr...