Electricity prices to rise by 20 per cent in some states as regulator reveals draft default market offer

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The Australian Energy Regulator releases its draft electricity price increase for the coming financial year, but says its default market offer would have been higher without government intervention.

abc.net.au/news/australian-energy-regulator-default-market-offer/102094290The Australian Energy Regulator has revealed draft electricity price increases of between 20 and 22 per cent for the default market offer over the coming financial year.

"Since [the government] started talking about interventions in October last year, the prices seem to have stabilised in the last couple of months," she told RN Breakfast.

 

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When are we going to call “bullshit!” on this? Renewables are at an all-time high yet we’re being gouged while our gas is being shipped overseas at lower rates than we’re being charged. It’s all just a big ruse that we’re gullibly buying into. Plenty of cash for nuclear subs tho.

Privatization of energy , been such a winner , poles leased for 99yrs to a Chinese billionaire, yep it’s all labors fault , water will be next , no utilities should be privatized full stop end of story

that's 20% on top of the 30%, where is ABC-Labor's $275 REDUCTION?

Could not care less…

Not in WA.

katebrechin rhianawhitson mikejanda Again not a single word on how tight power supplies are: Lack of reserve on hot day in NSW as Liddell power plant is scheduled to close

Tell me ,what else is new?

Albo275 stated on 97 occasions before election our electricity bills would reduce by $275. Albo275 gets elected and electricity bills have increased by $1000. Based on this alone Labor are a one term government.

Why is free electricity from the sun and wind so expensive?

We need better accountability, with the Daily Supply Charge. It's nearly quadrupled since the people's poles&wires went private. It should happen that solar suppliers ought be charged for ONE direction only, of supply. Sun's up 50% of the time, in a year. Halve DSC. Now.

Will this be before or after the $275 pa Albanese promised to save us?

Where’s my $275?

Do small businesses get a different quality of electricity than households?

👎

DavidPocock Here is what renewables are doing, with zero effect on the environment

What happened to Labor election promise to lower electricity prices? 🤔

Those cheap renewables are really driving down prices

Good old Albo strikes again

but it could have been 21% without the cap

We're being sold a load of bullshit by AER if South Australian prices are set to rise. At least 90% of our electricity generation is renewable.

That $250 reduction is going well then?

This cheap Renewable Energy is turning out to be very expensive. The ABC will need to do a lot more work to keep people from questioning the Renewable Energy Sacred Cow

It’s not price fixing if the regulator signals the price everyone can increase by.

Why is their a price increase. Will feed in Tariiffs increase.

The interview of the regulator chair on news breakfast was no help. No challenge to the regulator of why this has to happen. Treated as an inevitability by the journalist.

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