So here we go again, the highly politicised, highly vocal promise, that the electricity sector will be forced (this time) to ensure South Australian households (there are over 760,000 of them according to Census) save $800 each in electricity costs per year. "...potential energy savings, for S.A. up to $832 p.a."
So let's do some math about the BIG PICTURE here.
If we assume only HALF of these households actually get this saving within 12months, then there's 380,000x$800=$304m vacating retail profits from the retail energy sector.
$304 million p.a. ripped out of the retail energy sector in SA alone, and that's with only one half of the households moving from a high price to a heavily discounted one, but more likely to be the actual outcome, as many households already have good discount plans. So what about this (saved) $304 million? Well, look at it this way, do you think the energy companies are just going to roll over and forego $304 million profit p.a. collectively?
I don't think so, that's why, just like in 2015 when "they" promised us $150-$500 p.a. savings, GUARANTEED, I called bullshit, and did it happen for anyone reading this? Even $100 p.a., NO, it didn't, and again now we're getting more "Blah, blah, blah".
