Australian Power Bills to Rise by Up to 9% Starting July
The Australian Energy Regulator's draft decision reveals higher electricity price caps, intensifying cost-of-living challenges for households and businesses.
- The Australian Energy Regulator (AER) has proposed raising electricity price caps by 2.5% to 8.9% in New South Wales, South-East Queensland, and South Australia, effective July 1, 2025.
- Victorian electricity prices, regulated separately, will see smaller changes, ranging from a $19 decrease to a $68 increase depending on the region.
- The increases are attributed to higher wholesale energy costs, aging infrastructure, and rising network expenses, with coal and gas prices playing a significant role.
- Households on standing offers will be directly affected, while the new caps will also influence broader retail electricity pricing.
- Consumers are urged to shop for competitive energy deals and explore energy-saving measures, while advocacy groups call for expanded government relief for vulnerable populations.
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