Government to fight electricity price rises over smart meter cost overruns
A plan by the state’s electricity suppliers to make households pay for a blowout in the budget for the installation of smart meter across the state has been rejected by the Victorian Government.
The state’s Energy Minister was responding to a report by News Limited that suppliers had asked the Australian Energy Regulator to approve household price increases to cover hundreds of millions of dollars worth of cost overruns by the companies.
That could add hundreds of dollars to yearly power bills.
A spokeswoman for Energy Minister Russell Northe said the Government would reject the application in a strong submission to the regulator.
She said consumers should not have to foot the bill for the inefficiencies of the suppliers.
Almost 2.8 million smart meters have been rolled out across Victoria.
Some consumers opposed the installation of the meters citing safety concerns.
Read full article here: http://www.abc.net.au/news/2014-10-11/government-to-fight-price-rises-over-smart-meters/5806674