accc.gov.au

A milder winter and government rebates subdue the impact of increasing prices on electricity bills

8–10 minutes

The ACCC’s latest electricity report shows that median effective prices for residential customers across all regions grew by 14 per cent between September 2022 and September 2023.

Prices increased as a result of the continued effects of the energy market events in 2022. However, increases were largely offset by lower electricity usage due to Australia experiencing its warmest winter on record in 2023. This led to lower usage which meant household electricity bills remained relatively steady (rising 1 per cent) and small business bills decreased by 9 per cent in September 2023.

Government rebates also helped to offset the impact of price increases on customer bills. The report found residential electricity bills in the September 2023 quarter would have been 14 per cent higher without government rebates.