Aussie power bills to soar from July 1 as regulator lifts key prices

Thousands of Aussie households are bracing for more cost of living pain, with power prices set to surge. @jekearsley #9News MORE:

26/05/2022 10:42:00 PM

Thousands of Aussie households are bracing for more cost of living pain, with power prices set to surge. jekearsley 9News MORE:

The energy regulator today said it was raising direct market offer price caps, which is essentially what retailers are allowed to charge households and businesses.

As a result, default offers will increase by more than $220 per year in New South Wales, more than $160 in Queensland and more than $120 in South Australia.(AAP)"In setting these new DMO prices, we understand the significant impact they will have on some consumers who may already be struggling with cost of living pressures," Savage said.

The wholesale cost of energy has risen due to a number of variables including unplanned outages."Setting the DMO is not about setting the lowest price. We are required to set a price that will allow retailers to recover their costs, earn a reasonable margin and support retailers to compete and offer better deals and products in a competitive retail environment," Savage said.

Read more: 9News Australia »

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jekearsley Why are the dominant colors on the Today shown signage logos and Blue and Gold same as Ukraine 🇺🇦 national flag colors. Coincidence unlikely. jekearsley Funny he didn’t raise all this when Liberals were in govt, so intent on attacking Labor jekearsley Ah well I'll be getting 5.1% wage increase

jekearsley I thought the power and gas comes from Australia not Ukraine and why are they making Ukraine as an excuse? jekearsley jekearsley That’s what happens when you close power plants down. jekearsley We voted for higher energy prices Thanks 😊 jekearsley Effects of accepting covidians rules

Aussie power bills to soar from July 1 as regulator lifts key pricesThe energy regulator today said it was raising direct market offer price caps, which is essentially what retailers are allowed to charge households and businesses. Because of 'Russia'? Wholly smoke

Why your power bills are going to increase from July 1Households across Australia already struggling with rising cost of living pressures will be hit by significant increases to their power bills from July 1. Find out why. Albo is why! Go Labor! Woo! Just what we all need. 🎉👏🏼 Get fixing Labour Bowen and Albo you promised.

Power bills to rise by up to 8pc from July 1Electricity prices in NSW and Queensland will rise by up to 8.2 per cent in NSW and 5.5 per cent from July 1, as the war in Ukraine and soaring coal and gas prices inflate wholesale prices. Wait until we start paying for the $20 billion upgrade to infrastructure... That is in real terms - in nominal terms, add 5.5%..... Morrison said they went down. Byebye scott

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