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The Guardian - AU
The Guardian - AU
National
Paul Karp

Australians to save $230 on electricity bills next financial year as wholesale prices fall

Jim Chalmers Electricity Australia Peter Dutton Labor
Electricity poles and wires against the backdrop of buildings in Melbourne, Victoria's, CBD
The government believes it will take time for price caps to flow through to retail prices. Photograph: Diego Fedele/AAP

Australian households are expected to save $230 on their electricity bills in the next financial year due to wholesale price falls recorded after Labor’s market intervention.

According to Treasury analysis of ASX data in December, wholesale electricity prices for 2023 fell by 44% in Queensland compared with November.

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