Wednesday, September 13, 2017

Dodo Power and Gas increasing Electricity and Gas charges.

Today I received an email from Dodo Power and Gas letting me know their electricity and gas prices are going up. I decided to do a quick analysis.

Electricity

Daily Supply Charge - increasing 15%
Anytime usage - 15%

Gas

Daily Supply Charge - 20%
Usage - 15%

These increases are actually quite staggering.

We've all heard issues with energy supply in the media recently. Gas being contracted off for overseas sales and electricity infrastructure closing down. Even so the Daily Supply Charge for gas going up 20% when I don't recall reading much about infrastructure changes, doesn't quite make sense.

One of the problems with Dodo putting up their prices now when the rest of the industry puts their prices up around January, is they look bad for a while until the rest put their prices up. That means you have to wait until you see what happens with the other supplies in the new year.

Not good news at all. We're quite frugal with our energy usage now so this increase will be difficult if not impossible to negate in some way with further energy reduction. However it never hurts to look for ways to reduce usage.

I'm a believer that as the prices increase, that one day an alternative will become available because it becomes cost effective. For example as the daily supply charge increases for gas it may mean it becomes viable to consider only using electricity. Perhaps the gas to electricity conversion becomes more cost effective and thus we could get rid of the electricity suppliers. Perhaps with solar, better batteries we may be to get rid of one supplier. Certainly lower energy cost appliances (e.g. lights) and computers have helped reduce energy use, so we really never know what's around the corner.

If you're paying large amounts on electricity bills working what your appliances are costing you so you can make informed decisions is something we did that saved us thousands. I wrote the Energy Cost Calculator (www.justlocal.com.au/clients/energy-cost/) to help me with calculations. Perhaps it might help others.

Kelvin Eldridge
www.JustLocal.com.au

Update: 14 September 2017
As a result of this nudge I decided to go searching for better prices. As a result I believe I've identified a supplier which would be $60 a year better for electricity and around $240 better for gas. That's a potential saving of around $300 per year. I thought I had shopped around and had good prices, reduced electricity usage, but the one area I've been less thorough, is with gas and this shows with the potential saving. This is a reminder that you should shop around.

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