Is your internet bill about to skyrocket? Here’s why 69 per cent of homes could be affected
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In an age where the internet has become as essential as electricity and water, a significant price hike in broadband services can be a real cause for concern.
Recent reports suggested that up to seven in 10 Australian homes could be facing increased costs for their National Broadband Network (NBN) services, and it's important to understand why this is happening and how it might affect your household budget.
The NBN, a massive infrastructure project aimed at providing reliable and fast internet across Australia, has seen various changes in pricing structures by service providers.
These changes are often influenced by wholesale prices set by NBN Co, the company responsible for the NBN rollout, and other operational costs that internet service providers (ISPs) need to manage.
Let's break down what's happening with the NBN pricing and what it means for you:
Several major ISPs have announced changes to their monthly plans, which could see 69 per cent of households paying more for their internet services.
This comes after NBN proposed to significantly increase the speed of its internet service offerings, enhancing some plans fivefold.
This includes increasing the popular plan speeds to 500Mbps download and 50Mbps upload, with other tiers seeing similar speed boosts.
Telstra's monthly charges could increase by $5 to $105, while Optus might see a rise from $4 to $89.
Other providers, such as Dodo, Aussie Broadband, Superloop, iPrimus, and Exetel, are also adjusting their prices, with increases ranging from $1 to $5 per month.
These price hikes are not uniform across all plans. Some high-speed tiers, such as NBN 250 and NBN 1000, are seeing price reductions.
Many ISPs offer promotional rates for new customers, which can be significantly lower for the first six months before reverting to standard pricing.
For example, Kogan's NBN 50 plan starts at $58.90 per month for the first six months and jumps to $68.90.
Similarly, Tangerine offers its NBN 50 plan at $59 for the first six months before increasing to $79.90.
A Standard NBN 50 plan is generally sufficient for a typical four-person household. According to the ACCC's ‘Netflix test’, 99 per cent of such plans support streaming Netflix in HD on up to four screens simultaneously.
NBN Co encouraged Australians to upgrade their internet speeds. A decade ago, the average household had seven internet-connected devices and used about 40GB of data monthly.
Today, households average 22 devices and consume around 400GB of data monthly. Data demand has doubled in the past five years, and NBN Co predicted households will have around 40 devices connected by the end of the decade.
However, many Australians face a cost-of-living crisis, with insurance premiums up 16 per cent and electricity prices up 20 per cent in the last year.
Have you been affected by NBN price hikes or found a great deal on your internet service? Share your experiences and tips in the comments below.
Recent reports suggested that up to seven in 10 Australian homes could be facing increased costs for their National Broadband Network (NBN) services, and it's important to understand why this is happening and how it might affect your household budget.
The NBN, a massive infrastructure project aimed at providing reliable and fast internet across Australia, has seen various changes in pricing structures by service providers.
These changes are often influenced by wholesale prices set by NBN Co, the company responsible for the NBN rollout, and other operational costs that internet service providers (ISPs) need to manage.
Let's break down what's happening with the NBN pricing and what it means for you:
NBN increased prices for its services, which affected 69 per cent of homes. Credit: Shutterstock
Several major ISPs have announced changes to their monthly plans, which could see 69 per cent of households paying more for their internet services.
This comes after NBN proposed to significantly increase the speed of its internet service offerings, enhancing some plans fivefold.
This includes increasing the popular plan speeds to 500Mbps download and 50Mbps upload, with other tiers seeing similar speed boosts.
Telstra's monthly charges could increase by $5 to $105, while Optus might see a rise from $4 to $89.
Other providers, such as Dodo, Aussie Broadband, Superloop, iPrimus, and Exetel, are also adjusting their prices, with increases ranging from $1 to $5 per month.
These price hikes are not uniform across all plans. Some high-speed tiers, such as NBN 250 and NBN 1000, are seeing price reductions.
Many ISPs offer promotional rates for new customers, which can be significantly lower for the first six months before reverting to standard pricing.
For example, Kogan's NBN 50 plan starts at $58.90 per month for the first six months and jumps to $68.90.
Similarly, Tangerine offers its NBN 50 plan at $59 for the first six months before increasing to $79.90.
A Standard NBN 50 plan is generally sufficient for a typical four-person household. According to the ACCC's ‘Netflix test’, 99 per cent of such plans support streaming Netflix in HD on up to four screens simultaneously.
NBN Co encouraged Australians to upgrade their internet speeds. A decade ago, the average household had seven internet-connected devices and used about 40GB of data monthly.
Today, households average 22 devices and consume around 400GB of data monthly. Data demand has doubled in the past five years, and NBN Co predicted households will have around 40 devices connected by the end of the decade.
However, many Australians face a cost-of-living crisis, with insurance premiums up 16 per cent and electricity prices up 20 per cent in the last year.
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