Smart Meters Raise Electricity Bills By $300 On Low Income Households

Here is what you can expect to happen in the US if these so called smart meters are ever implemented in the US:

ENERGY bills for low-income households could rise 30 per cent a year through the introduction of smart meters, a system that charges consumers higher prices during peak consumption times.

Backed by the nation’s governments, smart meters are being rolled-out across Victoria and NSW, with other states set to follow.

The system, which allows power companies to set their prices based on peak or off-peak times, aims to help consumers better manage electricity use.

The Victorian roll-out already has been criticised by the state’s auditor-general, who found consumers paid an average of $150 more a year more for power.

A new study by the University of Melbourne shows it will come at an even higher cost to the the nation’s most vulnerable consumers, including pensioners and single parents.

The study, prepared for the Ministerial Council on Energy, found that the time-of-use pricing system increased power bills by up to $300 a year for low-income families.  [AAP]

Remember politicians love gimmicks like this because they can say they never raised your taxes, but are still increasingly fleecing you through your utility bill with these smart meters.  Expect this gimmick to come to the US at some point with the justification of fighting global warming.