Power rises 'thing of the past'

Written By miftah nugraha on Selasa, 30 Juli 2013 | 19.55

A LOWER price for power in Tasmania is due to be set within weeks.

Deputy Premier and Energy Minister Bryan Green today said the Economic Regulator's report had confirmed the state's electricity prices would fall from January next year.

The new prices would be set by the Economic Regulator after the State Government recommended tariffs for approval over the next fortnight, he said in a statement.

"While we can't say definitively what the decrease will be until then, we are confident that it will be greater than our original prediction last month (of between 1 and 2 per cent)," Mr Green said.

"Electricity prices around Australia are continuing to go up but we are bucking the trend in Tasmania.

"Recent electricity prices rises experienced in Tasmania will soon be a thing of the past."

Mr Green said the State Government was on target to introduce retail competition in Tasmania's electricity market from January 1, which would put more downward pressure on prices.

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