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The Consequences of Retail Electricity Price Rises: Rethinking Customer Hardship

2014; Wiley; Volume: 47; Issue: 1 Linguagem: Inglês

10.1111/1467-8462.12043

1467-8462

Paul Simshauser, Tim Nelson,

Energy, Environment, and Transportation Policies

Australian Economic ReviewVolume 47, Issue 1 p. 13-43 Contributed Article The Consequences of Retail Electricity Price Rises: Rethinking Customer Hardship Paul Simshauser, Paul SimshauserSearch for more papers by this authorTim Nelson, Tim NelsonSimshauser: AGL Energy, Queensland 4001 Australia and Griffith Business School, Griffith University, Queensland 4111 Australia; Nelson: AGL Energy, Queensland 4001 Australia and School of Economics, University of New England, New South Wales 2351 Australia. Corresponding author: Simshauser, email < [email protected]>. The authors are grateful for the insightful comments from Elizabeth Nosworthy on earlier drafts and for the demographic study conducted by KPMG. The KPMG-referenced data contained in this article are extracts of a demographic analysis on hardship delivered in September 2011 and do not necessarily represent the conclusive findings. The views and opinions contained in the article are those of the authors and do not necessarily represent the views of AGL Energy or KPMG.Search for more papers by this author Paul Simshauser, Paul SimshauserSearch for more papers by this authorTim Nelson, Tim NelsonSimshauser: AGL Energy, Queensland 4001 Australia and Griffith Business School, Griffith University, Queensland 4111 Australia; Nelson: AGL Energy, Queensland 4001 Australia and School of Economics, University of New England, New South Wales 2351 Australia. Corresponding author: Simshauser, email < [email protected]>. The authors are grateful for the insightful comments from Elizabeth Nosworthy on earlier drafts and for the demographic study conducted by KPMG. The KPMG-referenced data contained in this article are extracts of a demographic analysis on hardship delivered in September 2011 and do not necessarily represent the conclusive findings. The views and opinions contained in the article are those of the authors and do not necessarily represent the views of AGL Energy or KPMG.Search for more papers by this author First published: 26 February 2014 https://doi.org/10.1111/1467-8462.12043Citations: 26 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Abstract The Australian energy sector is nearing the end of an investment megacycle, which has driven above-trend electricity tariff increases. In this article, we combine energy market and demographic data and find that the dominant thought on customer hardship, aged pensioners, pales into insignificance by comparison to those in the Family Formation cohort, those known as Australia's 'working poor'. Our modelling results are clear in their implications: hardship policy for energy customers requires re-engineering. The structure of electricity tariffs requires an overhaul—shifting to interval meters, time-of-use pricing and monthly billing to redress the investment megacycle and the incidence of hardship. Citing Literature Volume47, Issue1March 2014Pages 13-43 RelatedInformation