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Canberra posts Australia’s lowest electricity prices

By Ben Faulks

The latest Residential Electricity Price Trends report released by the Australian Energy Market Commission (AEMC) has found Canberra retained the lowest electricity prices in the country. This could be great news for owners of Belconnen real estate – especially those considering moving into the area in the near future. 

Minister for the environment Simon Corbell said the report highlighted the expected price changes over the coming years, illustrating that they're expected to fall by a further 7 per cent over 2015/16.

"According to the AEMC, ACT retail electricity prices are cheaper than the national average by almost 30 per cent despite the territory's move to large-scale renewables, and prices continue to fall," said Mr Corbell in a 11 December statement. 

"The report also shows that the cost of the ACT's renewable energy and energy efficiency schemes are only 6 per cent of total electricity charges in 2015/16. To the end of March 2014, the 24,000 households that participated in our Energy Efficiency Improvement Scheme are already saving around $318."

With these developments occurring statewide, now could be a fantastic time to consider your own property options in Canberra. Speak with a local real estate agent to start looking for a home in Belconnen today. 

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