Power Meter Rip-Off
This is rotten to the core. Australians who pay the electricity bills will be paying an extra $60-$220 per year to cover the cost of smart meters. Collectively that is over $1 Billion over 3 years. Approved by the government, the bill was passed so it would hit the news on Melbourne Cup Day, typical of something being sneaked past us. Installation is not optional. It’s the equivalent of Telstra forcing us to all buy a new phone, and it is wrong, wrong, wrong.
The promise is that the consumer will see savings, eventually. The reality is the power companies will save money. They amount they can increase electricty prices each year is limited, but there’s no requirement for them to pass on savings. Buy some shares in a power company, that’s my advice!