Market Update - Supplier Price Movements

The world is currently going through unprecedented times, and Australia has not been immune to the effects of COVID-19. We along with other businesses are dealing with the impact of coronoavirus on our industry on a day to day basis. The fall of the AUD in world markets have resulted in many suppliers quick to announce significant price rises. Some of the price rises from our key suppliers already annouced are:

Clipsal (Schneider) – May 1 – many key product ranges 10% +
Trader – May 1 – 15% across the board (superseding initial 5% increase)
Sunny Lighting – April 20 – 12% across the board
Brilliant Lighting – May 1 – 10% across the board
HPM Legrand- May 4 - 10% across the board
Repelec – June 1 – Up to 20% depending on brand
Prysmian – April 1 – between 3-5%
Olex – April 1 – between 3-5%
Electra – Weekly Price Changes
Evolt – May 1 – approximately 10%
NHP – May 1 – 10% ex Rockwell
PSA – April 20 – between 5-10%
QCE - April 1 - 9%

We have taken many measures to ensure you, our loyal customers are still able to get their electrical supplies at great prices. However, once our current stock holding has turned we will be forced to buy stock at the new issued pricing. We anticipate there will be more price rises in the future even if the market remains stable. We are committed to being transparent about this, as unfortunately we have no control over these increases and do not want to be seen as taking advantage of the COVID-19 situation. We wish you all the best and good health during these trying times. If you have any questions don't hesitate to contact us.