Power bills in eastern Australia set to rise at least 20% ...Middle East

SYDNEY: Electricity prices in eastern Australia are likely to increase at least 20% from July, the country's energy regulator warned on Wednesday, adding more pain to households battling surging living costs amid high inflation.The Australian Energy Regulator (AER) released its draft decision to raise the default market offer - the maximum price energy retailers can charge customers - for southeast Queensland, and the states of South Australia and New South Wales.AER expects a 20-22% increase in prices for most residential customers and 15-25% for small businesses, but Chair Clare Savage said power bills could have risen by 40-50% if there was no intervention by the federal government to cap

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Last updated : 15 March 2023 clock 04:28 AM

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Power bills in eastern Australia set to rise at least 20% ...Middle East

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