Energy prices is building into a major village and care cost IPART has calculated the proposed emissions trading scheme cost on electricity prices and predicts a 60% increase within three years. The Australian energy regulator has already agreed to double-digit rate growths. EnergyAustralia (NSW) states its charges will rise by 10% in 2010-11, 16% in 2011-12 and 25% in 2012-13. They state a typical customer will pay $727 more in 2013, taking the total power bills to $1985 a year. (See separate story on solar December 30 tax reduction).
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...