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Small business electricity costs to rise especially in regional areasGovernment policies, including Rudd's new 'super profits' mining tax, Independent energy pricing comparison service MakeItCheaper.com.au today warned regional businesses that Prime Minister Kevin Rudd's proposed 'super profits' mining tax was likely to add to existing pressures on their electricity costs - at a time when electricity prices were already expected to rise dramatically in coming years. Victorian small businesses, especially in regional areas, should prepare for price hikes, with their counterparts in New South Wales recently told by that state's pricing tribunal that Country Energy electricity prices would rise at least 42 percent by 2012/13 [1]. "Prices are on the rise due to infrastructure costs and government policies such as the renewable energy target, any eventual Emissions Trading Scheme, and now the 'super profits' tax," said Make It Cheaper CEO Tim Wolfenden. "The 'super profits' tax is likely to create extra costs for coal and gas producers, which will inevitably be passed on to customers," said Wolfenden. "Small businesses should be rightly concerned about the effects of a number of government policies on their energy bills." To combat rising energy costs, Wolfenden advised businesses to shop around for the best deal from electricity suppliers. "Energy prices are going to increase every year for the foreseeable future, but the more businesses start to switch suppliers, the more competition there'll be in the market and competition is what will drive suppliers to offer better deals," he said. MakeItCheaper.com.au provides a free price comparison and switching service that allows businesses to find the best available electricity and gas deals - with savings of up to 20%. "Changing energy suppliers is something that business owners haven't traditionally considered. But there are significant savings to be made and, as prices rise, businesses will learn to switch between energy companies as they do internet or telephone suppliers," Wolfenden said. To discover how much they can save, businesses can visit MakeItCheaper.com.au or call 1300 957 721 for a free quote. [1] Independent Pricing and Regulatory Tribunal of New South Wales http://www.ipart.nsw.gov.au/files/Media%20release%20-%20Electricity%20Price%20Rises%20Change% 20-%2028%20April%202010%20-%20WEBSITE%20VERSION.PDF Paid Advertisements Below
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