Gas company Jemena have dropped its gas network charges for New South Wales customers.
Together with savings from 2015 to 2017, Jemena has shaved around $168 off the network charges portion of a typical household gas bill. This represents a 33 per cent decrease in network fees since 2015.
Jemena’s Executive General Manager of Customer & Markets, Shaun Reardon, said the announcement is great news for New South Wales households who will be able to access gas for superior heating and cooking at a cheaper price.
“We know New South Wales gas customers are feeling the impact of high gas bills as a result of the increase in wholesale gas prices. While we cannot control the wholesale price of gas, this is one way we are working to ensure gas continues to deliver value for money,” said Mr Reardon.
“We’re also offering gas customers a suite of cash-back offers worth up to $1,000 when they purchase new gas appliances, as part of our commitment to driving gas prices down.”
Mr Reardon said around 1.3 million New South Wales homes will benefit from the reduction which will see typical households save around $12 off their gas bill. The savings for an average small business are even greater, with small businesses benefitting from a nine per cent decrease worth around $150. This decrease complements reductions worth around $558 from 2015.
“In order for customers to benefit from this price reduction we’re calling on energy retailers – the companies who bill customers – to pass these savings on directly to customers as part of their annual review of energy prices.”
Mr Reardon said gas network costs account for around 37 per cent of an average household bill.