Energy regulators issue draft default market offer, which set cap for this year’s increases
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Power bills for households in three states will rise as much as 23.7% from 1 July if the Australian Energy Regulator’s draft determination, announced on Wednesday, is confirmed. Prices in Victoria may rise by almost a third.
The AER chair, Clare Savage, said the increases were “significant” but they could have been as much as 40% to 50% without the federal government’s intervention in December to cap domestic gas and black coal prices.
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Continue reading…Energy regulators issue draft default market offer, which set cap for this year’s increasesFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastPower bills for households in three states will rise as much as 23.7% from 1 July if the Australian Energy Regulator’s draft determination, announced on Wednesday, is confirmed. Prices in Victoria may rise by almost a third.The AER chair, Clare Savage, said the increases were “significant” but they could have been as much as 40% to 50% without the federal government’s intervention in December to cap domestic gas and black coal prices.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…