ERM Power Ltd (ASX: EPW)
ERM Power Ltd ASX EPW
Consumers pay up for power privatisation
Consumers are worse off since Australian states decided to privatise their electricity assets, according to think tank, The Australia Institute.
By Mike King The Motley Fool
One third of Aussies have no savings
Almost one in five Australians would struggle to come up with $1,000 to cover an emergency expense, while one in three people live from paycheck to paycheck, spending everything they earn, according to a recent survey.
Despite PM's plans, bills to rise
Households in NSW face another rise in energy bills after EnergyAustralia announced plans to increase prices by up to 10.5% over the next three years.
Complaints spike as energy prices soar
Complaints over energy bills have soared, following the rapid rise of energy prices.
Electricity users overcharged by $3 billion
NSW consumers are fuming as electricity prices have increased by 80% over the past 5 years. The average household bill is expected to reach $2,230 this year, compared to $1,100 in 2007-8, according to the Australian Financial Review.
AGL's carbon scheming
AGL Energy (ASX: AGK) has today reported a 12% rise in full year underlying net profit to $482m. Revenues rose 5% to $7.5 billion, and the company has declared a 32 cent final dividend, bringing the total for the year to 61 cents, fully franked.