New Firstlight Network pricing from 1 April 2023
The new annual prices came into effect on 1 April 2023. Overall, the majority of customers can expect very little or no change to the Network portion of their power bill, which covers transmission and distribution of electricity.
As was the case last year, the 2023 pricing reflects the government’s gradual phasing out of low fixed electricity pricing plans; a slight year-on-year reduction in Firstlight Network’s allowable regulated revenue; some updates to methodologies used; and increasing power usage in the region.
Tariff charges for the pricing period will reduce overall by 1.3%, with varying movements across the customer categories.
For all domestic customers, the fixed charge portion of Firstlight Network’s line charges has increased 50% to reflect changes in government regulations. However, to balance this, the variable charge portion has been reduced. As a result, most domestic customers will see their overall distribution prices stay effectively the same or drop slightly.
Here’s what this means for customers:
There are five thousand customers on the standard domestic tariff (high power users of over 8,000kWh a year). The Network portion of their bill will reduce by an average of 3%, or $33 for the year.
Fifteen thousand customers are on the low fixed charge domestic tariff. The majority – 13,500 customers – will effectively have no change at all, while the other 1,500 will have an average increase of less than $3 a month.
Firstlight Network has over 5,500 non-domestic customers. Of these, small commercial customers will see their annual distribution charge reduce by 3% for the year. Medium commercial customers will experience a small overall rise of, on average, just under 5%.
Large commercial and industrial customers will have a range of changes to their pricing, with low users seeing increases to their distribution charges while those with high consumption seeing a decrease, ensuring pricing is more cost reflective.
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