Overview

• NSW default market offers will jump 8.3% to 9.7%, adding between $155 and $280 to annual bills depending on distribution network.
• South-East Queensland households face increases of 0.5% to 3.7%, while South Australia sees hikes of 2.3% to 3.2% on standing offer plans.
• Price rises reflect elevated wholesale and network costs, coal-plant breakdowns, higher fossil fuel prices and increased retail expenses.
• The new caps will affect approximately 475,727 residential customers and 91,060 small businesses across the three jurisdictions.
• Federal government extends quarterly $75 energy bill rebates and consumers are urged to compare plans via Energy Made Easy to secure cheaper offers.