Electricity Prices in Eastern Australia to Rise Up to 9% Starting July

Millions of households in New South Wales, South-East Queensland, and South Australia will face higher energy bills as regulators adjust price caps.

The Australian Energy Regulator (AER) has proposed price increases of 2.5% to 8.9% for electricity bills in New South Wales, South-East Queensland, and South Australia, effective July 1.
Victorian customers will see smaller changes, with potential increases of up to $68 in some areas or decreases of up to $19, as regulated by the state’s Essential Services Commission.
Households on standing retail plans, known as default market offers (DMO), will be directly impacted, with residential bills potentially rising by $114 to $200 annually depending on the state and provider.
Energy experts encourage consumers to shop around for competitive electricity plans, as many households are not on the cheapest available offers, potentially saving up to 25% on bills.
Higher wholesale energy costs, aging infrastructure, and increased transmission expenses are driving the price hikes, with government relief measures expected to be announced in the upcoming federal budget.