Bowen Oversees 9% Elec Price Increase

Just published.

Cost of Living Crisis about to get much worse under Labor
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Electricity bills to jump as much as 9pc in cost-of-living blow: energy regulator
Colin Packham

Electricity bills will rise by as much as 9 per cent from July 1, the Australian Energy Regulator has declared, a draft ruling that will intensify pressure on struggling households and threaten the re-election prospects of the Albanese government.

The AER said increases will vary across the National Electricity Market, but the largest jump will be seen in NSW, where prices are set to rise by up to 9 per cent. Increases are smaller in Queensland and South Australia, but prices will rise by between 3 per cent and 6 per cent.

Prices in Victoria are governed by a separate regulator, which earlier ruled prices will largely remain unchanged.

Small business customers face prices increases of between 4.2 per cent and 8.2 per cent.

The energy regulator said the increases were driven by higher costs of producing electricity and network costs, which the AER said had jumped by between 2 percent and 12 percent.
Bowen blames coal for price hikes