Why will electricity prices rise on 1 July 2024 in the ACT?
We've all dreaded the arrival of 1 July over the last couple of years following back-to-back energy price hikes.How much will electricity prices go up in the ACT?
If the draft decision by the Independent Competition and Regulatory Commission (ICRC) goes through,
ACT electricity prices could jump by 17% (or 12% if you consider inflation) for standard offer contracts.For example, the current standing offer price for a single-rate tariff plan from ActewAGL is $2,152 for the year.
Based on that, households could be paying an additional $360+ with current price hike predictions.
