Power bill increases of as much as 14.1 per cent are on the way for customers of the country’s third-biggest energy retailer.
Customers of the country’s third-biggest electricity retailer, EnergyAustralia, face increases in tariffs of up to 14.1 per cent driven by last year’s surge in the cost of wholesale power, again underlining the time it will take for government efforts to rein in prices to flow through to energy bills.
Small businesses will have similar but slightly smaller increases on a percentage basis, but on absolute terms the increase will be bigger, at up to $641 on average in Queensland. Customers in Victoria typically have their tariffs adjusted around mid-year., with some customers facing increases of 35 per cent.
Mr Brownfield said that while the price rises would not be welcomed given cost-of-living pressures, it was costing EnergyAustralia more to generate and purchase power for a range of reasons.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget to contain $3b of rebadged power price reliefUp to $3 billion in promised power price relief for householders will be rebadged as a cost-of-living centrepiece in the May budget.
Read more »
Bolsonaro attended meeting about plot to keep him in power, senator saysSenator says he was asked to get justice to make compromising comments on tape as Bolsonaro ‘sat in silence’
Read more »
Power Slap: is this the most stomach-churning reality TV show ever?This series about face-smacking contestants has been described as a ‘horrible idea that needs to be stopped’. But at least no one drinks donkey urine – unlike on other shows …
Read more »
Federal government teases strategy on battery storage and power pricesThe federal government will spend the next few weeks talking to energy storage companies before revealing what it will do to help build more big batteries around the country.
Read more »
How US police got the deadly power to stop drivers at willThe practice has its roots in the 1920s. That it would lead to racial profiling was foreordained
Read more »
Frustrated Texans endure winter storm with no power or heatHundreds of thousands of Texans shiver without power for a second day as an icy winter storm reminds the state's residents of a deadly 2021 blackout.
Read more »