Article 5ZN6K Australian households face steep power bill increases as generation costs soar

Australian households face steep power bill increases as generation costs soar

by
Peter Hannam
from on (#5ZN6K)

Customers in NSW could see power bill increases of up to 18%, South Australia almost 20% and parts of Queensland could see rises of 12%

Households in Queensland, New South Wales and elsewhere will face double-digit increases in their power bills from July after the regulator lifted its standard electricity price after generation costs soared by close to half.

The Australian Energy Regulator, which was ordered to delay the release of its default market offer (DMO) from 1 May until Thursday by the outgoing Morrison government, said residential customers in south-east Queensland will see increases of 11.3%-12.6%, or about double the expected inflation rate.

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