General
Electricity and gas bills racking up for consumers after COVID recession hit
Now JobKeeper’s done, Melbourne café owner Hamed Allahyari is worried.
Key points:
- Small business debt to energy retailers has increased by 22 per cent and residential debts by 32 per cent
- The total debt owed is around $200 million
- From August to March this year, 10, 000 customers across New South Wales, Queensland, South Australia, Tasmania and the territories were cut off from power
Some days are better than others but, overall, his takings are down by about half compared to life before COVID-19.
“If I don’t have JobKeeper, how do I pay my rent, how do I pay my expenses?”
One of his biggest expenses is gas and electricity, and the bills are piling up.
He is one of about 150,000 people in debt to their gas and electricity provider.
Since…
Continue Reading
-
Business15 hours agoHeres a 5-stock portfolio to consider to aim for $1k a month in passive income
-
Noosa News22 hours agoWhere did all the Brisbane festivals go? Down the road to the Gold Coast
-
General16 hours agoAustralia set to unveil contested 2035 climate target
-
Business12 hours agoForget CBA shares! Buy these ASX dividend stocks instead