Households in Queensland, New South Wales and elsewhere will face double-digit increases in their power bills from July after the regulator lifted its standard electricity price after generation costs soared by close to half.
The Australian Energy Regulator, which was ordered to delay the release of its default market offer (DMO) from 1 May until Thursday by the outgoing Morrison government, said residential customers in south-east Queensland will see increases of 11.3%-12.6%, or about double the expected inflation rate.
