Electricity Prices to Rise by Up to 9% in Parts of Australia Starting July

The Australian Energy Regulator announces increased price caps, intensifying cost-of-living pressures for households and small businesses.

The Australian Energy Regulator (AER) has proposed raising the Default Market Offer (DMO) price caps by 2.5% to 8.9% in New South Wales, South East Queensland, and South Australia starting July 1.
Victoria's pricing, set by its Essential Services Commission, will see smaller changes, ranging from a $19 decrease to a $68 increase depending on the region.
The DMO serves as a price ceiling for customers on standing retail plans and as a benchmark for other electricity tariffs, directly affecting hundreds of thousands of consumers.
Rising wholesale generation costs, aging infrastructure, and increased network expenses are driving the price hikes, with fossil fuel reliance and outages at coal plants contributing to elevated costs.
The federal government is expected to announce additional power bill relief measures in the upcoming March 25 budget to mitigate the impact on consumers.