The future of energy generation and storage

[qldfrog]

This can't be good for the ALP leading up to the election.

Maybe it wasn't a good idea to put a dollar figure on price reductions prior to the last election.


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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 per cant and 12 per cent.

Anyone surprised?

 

[sptrawler]

Anyone surprised?

Bill shock is going to be a huge problem for the elderly,when the taxpayer funded electricity subsidies stop, but it wont happen before the election so enjoy it while you can.