Overview

• The Australian Energy Regulator's draft decision proposes raising benchmark electricity prices by 2.5% to 8.9% in several states, with finalization expected in May.
• New South Wales customers are projected to see the highest increases, with annual bills rising by up to $200 for some households.
• Energy ministers have urged the regulator to scrutinize retailer costs and profit margins, emphasizing the need to address cost-of-living challenges.
• Research highlights the severe impact of rising energy costs, with many Australians skipping meals, medication, or cooling to manage bills.
• Consumers are encouraged to shop around for better energy deals, while calls for government-backed energy efficiency and solar initiatives are intensifying.