ResidentialAnnualBillBreak-DownIndex:Victoria
$peryear
$900
Network
$800
$700
Wholesale $600
Federalenvironmental
$500
$400
Retailer'scharge:
lowest2MarketOffers
$300
Retailer'scharge:
lowestMarketOffers
(AGL,Origin&EA)
$200
Retailer'sCharge:
StandingOffers(AGL,
OriginandEA)
$100
$0
Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17
ResidentialAnnualBillIndex:Victoria
$peryear
StandingOffer(Average:AGL,Origin,EnergyAustralia)
LowestMarketOffer(Average:AGL,Origin,EnergyAustralia)
$1,800
LowestMarketOffer(allretailers)
$1,700
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
$1,000
$900
$800
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
ResidentialAnnualBillBreak-DownIndex:NSW
$peryear
$800
Network
$700
Wholesale
$600
Federal
environmental
$500
$400
Retailer'scharge:
lowest2Market
Offers
$300
Retailer'scharge:
lowestMarket
Offers(AGL,
Origin&EA)
Retailer'sCharge:
StandingOffers
(AGL,Originand
EA)
$200
$100
$Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
ResidentialAnnualBillIndex:NSW
$peryear
StandingOffer(Average:AGL,Origin,EnergyAustralia)
LowestMarketOffer(Average:AGL,Origin,EnergyAustralia)
$1,700
LowestMarketOffer(allretailers)
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
$1,000
$900
$800
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
ResidentialAnnualBillBreak-DownIndex:QLD
$peryear
$700
Network
$600
Wholesale $500
Federalenvironmental
$400
Retailer'scharge:lowest2
MarketOffers
$300
$200
Retailer'scharge:lowest
MarketOffers(AGL,Origin&
EA)
$100
Retailer'sCharge:Standing
Offers(AGL,OriginandEA)
$Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
ResidentialAnnualBillIndex:QLD
$peryear
StandingOffer(Average:AGL,Origin,EnergyAustralia)
LowestMarketOffer(Average:AGL,Origin,EnergyAustralia)
$1,700
LowestMarketOffer(allretailers)
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
$1,000
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
ResidentialAnnualBillBreak-DownIndex:SA
$peryear
$750
Network
$650
Wholesale $550
$450
Federalenvironmental
$350
Retailer'scharge:
lowest2MarketOffers
$250
Retailer'scharge:
lowestMarketOffers
(AGL,Origin&EA)
$150
Retailer'sCharge:
StandingOffers(AGL,
OriginandEA)
$50
-$50
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
ResidentialAnnualBillIndex:SA
$peryear
StandingOffer(Average:AGL,Origin,EnergyAustralia)
LowestMarketOffer(Average:AGL,Origin,EnergyAustralia)
$2,000
LowestMarketOffer(allretailers)
$1,900
$1,800
$1,700
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
$1,000
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
IndexofChargesforElectricityRetailServicestoHouseholds
ChargeforElectricityRetailServices=RetailCharge–NetworkCharge-Wholesale
Charge-FederalEnvironmentalCharge
RetailCharge
• Annualconsumptionassumption:4,800kWhperyear
• AllofferssourcedfromMarkIntellInsightandincludesalltwo-partorblockrateofferstohouseholdsbasedonall
offersinallpublishedelectricitypricefactsheetsforallretailers.Dataupdatedseveraltimeseachmonth.Monthly
datareflectslatestavailableoffersatendofeachmonth.
• Marketoffers:AverageofBigThreelowestoffersdefinedasfollows:Theaverageofthelowestpriceretailoffers
fromAGLEnergy,EnergyAustraliaandOriginEnergytohouseholdsineachoffivedistributionzones(Vic),three
distributionzones(NSW)andthesingledistributionzoneinSouthAustraliaandSouthEastQueensland.
• Standingoffers:theaverageoftheStandingOffersbyAGLEnergy,EnergyAustraliaandOriginEnergy.
• ForVictoria/NewSouthWales,stateaveragesaretheweightedaverageacrossfive/threedistributionzones,
wheretheweightingisbynumberofhouseholdcustomersineachdistributionzone.
NetworkCharge
EachrelevantnetworktariffismatchedtoeachretailtariffusingtheMarkIntellmethodologythatfindsthenetworktariff
closestinstructuretotheretailtariff.Note:forpurposeofconsistentinter-statecomparison,regulatedsmartmeter
chargesinVictoriaarenotdeducted.
WholesaleCharge
WholesaleCharge($)=(HistoricSpotRollingAverage+HistoricCapsRollingAverage)*AnnualConsumption/1000
• HistoricSpotRollingAverage:Rolling12monthweightedaverageofthelowerofactualhalfhourlysettlement
pricesand$300/MWh,basedonsettlementpricesattheRegionalReferenceNodepublishedbyAEMO.
WeightingisbasedonaveragedailyDistributionNetSystemLoadProfileforVictoria(DNSLP).DNSLPiscalculated
asweightedaverageNSLPforthefivedistributionzoneswhereweightisbasedonnumberofresidential
customersineachzone).DNSLPbasedon2012data(beforemassroll-outofsmartmeters)forVictoriaandthe
latestavailableannualdatainotherstates.
• HistoricCapsRollingAverage:Rolling12monthweightedaverageoftheCalenderYear$300capcontracts.upto
thelasttradingdayoftheprecedingmonthmultipliedbytheHedgeFactor,whereHedgefactorisratioofthe
MaximumtotheAveragevalueofDNSLP.Weightedpriceiscalculatedusingactualtradedvolumethroughthe
ASX,ofeachcontract.
FederalEnvironmentalCharge
EnvironmentalCharge($)=(SSTP*STC+RPP*LGC)*AnnualConsumption/1000
• SmallScaleTechnologyPercentage(SSTP)andRenewablePowerPercentage(RPP)aspublishedbyCleanEnergy
Regulator.
• STCassumedtobe$40percertificate.
• LGCbasedonaverageweeklyspotpricepublishedbyGreenEnergyMarkets
(http://greenmarkets.com.au/resources/lgc-market-prices)less10%discounttorecognisebulkpurchasesby
retailers.