The skyrocketing cost of living is forcing desperate families and businesses to try anything to make end’s meet – with one humble Aussie revealing the brutal response she got from her power company after questioning why her electricity bill jumped $1,700.
Sydney woman Lyn broke down in tears on 2GB on Wednesday morning as she spoke about what she had done to try and combat her mammoth bills.
Lyn was regularly paying $800 a quarter for power – but was recently hit with a $2,500 electricity bill.
She asked an electrician to visit her home of nine years to try and figure out why her bills had jumped so significantly.
‘The electrician checked everything and said nothing has changed,’ she said.
‘The bills change but nothing to do with our electricity has.’
Lyn said she was waiting to hear back from her provider about why her bills had climbed when the unnamed company told her she could pay $700 to get an expert to come and assess why her prices had jumped so much.
Lyn complained about her bill and was told she could pay $700 for a consult (stock image)
Lyn wasn’t the only one to voice her struggles on Wednesday morning.
Paul Musgrave, the boss of Snackbrands that produces family favourites like Cheezels, CC’s, Kettle, Thins and Samboy chips, said the company’s annual gas bill had jumped a whopping $3million to $9million.
The chief executive said he had been left with no other choice but to pass on the price hikes to customers, with the cost of Snackbrands chips to rise by between 30 and 50cents a bag by early next year.
‘We really don’t want to pass on pricing to customers, it’s not something we’re about, we hate passing on price increases but we’ve figured this is what we’ve got to do,’ Mr Musgrave told 2GB’s Ben Fordham.
He said half of the price increase seen on packets of chips would go directly to pay off gas bills.
The prices of popular snacks like Cheezels are set to climb as gas bills surge
Paul Musgrave, the boss of Snackbrands that produces family favourites like Cheezels, CC’s, Kettle, Thins and Samboy chips, said the company’s annual gas bill has jumped from $3million to $9million
Snackbrands makes 200 million packets of chips each year and claims nearly three quarters of all Australian households buy at least one packet of its chips every year.
The company’s electricity bill has also risen, from $2million a year to $3million.
Snackbrands’ factory in Smithfield, in Sydney’s west, has half of its electricity supplied by solar power.
‘But to actually do that and replace gas just isn’t economically feasible,’ he said.
‘We looked at 250 acres of solar panels (that would be needed) to supply potentially enough energy for six hours a day.
‘We really believe in renewables, but it’s just not practicable for the high energy demands that only gas can fulfill for our business.’
Despite the massive increase in power bills, Ms Musgrave said no staff were at risk of losing their jobs.
The gas bill at Club Ryde in Sydney’s north has jumped from $9,000 to $23,000
It’s a similar story for Club Ryde in Sydney’s north, with CEO Dennis Skinner admitting their gas bills had surged dramatically.
‘We went from 7.5cents a kilowatt in September to 29cents a kilowatt in October,’ he told 2Gb.
The club’s gas bill has jumped from $9,000 to $23,000.
Gas prices have risen 10.9 per cent since August, according to the Australian Bureau of Statistics.
In its Budget notes, Treasury predicted domestic gas prices will increase by a further 40 per cent by 2024.
‘Domestic wholesale gas prices remain more than double their average prior to Russia’s invasion of Ukraine,’ Treasury said.
Electricity prices in Australia are forecast to jump around 50 per cent in the next 12 months.
Snackbrands makes 200 million packets of chips each year and claims nearly three quarters of all Australian households buy at least one packet of its chips every year (Pictured, two of its popular brands, French Fries and Samboy)
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