00:02Heading home to face higher bills. Territorians hit with a 5.3% increase for power, water and sewage.
00:12And with the cost of living crisis, it's going to really hit every Territorian very hard.
00:18The price hike larger than last year's 3% increase because of a higher inflation forecast in May's budget.
00:26If you look at a 5.3% change on your residential terrace, it's not a lot.
00:31It's really not going to hurt Territorians too much in the back pocket.
00:34I don't make light of that, of course.
00:37The organisation representing senior Territorians, not so blase, fearing pensioners will take drastic steps to save money.
00:46If we have a wet season with the temperatures soaring through the roof,
00:50you know, really, we might see deaths as well because they don't want to turn their air-cons on.
00:55Because they can't afford it. I mean, is that the society we want our seniors to live in?
00:59While the government hikes prices, it's also forking out an extra $58 million this year in subsidies.
01:06Due to expensive emergency gas deals, it's been forced into following supply issues at ENI's Blacktip gas field.
01:15Our cost of generation, unfortunately, is high and has been higher off the back of some issues with ENI and
01:23supply of gas.
01:24Yet another blow for the government's budget whole as the Territory's renewable energy production lags behind the rest of the
01:32country.
01:33...
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