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AAP
AAP
Business
Marion Rae

Call to unplug electricity networks' super profits

People living in eastern states and South Australia are facing steep electricity price rises. (Russell Freeman/AAP PHOTOS) (AAP)

Up to a third of looming residential power bill hikes could be avoided if governments crack down on electricity networks, research shows.

The monopoly power networks should not continue to reap large profits while households pay skyrocketing electricity bills, the independent Institute for Energy Economics and Financial Analysis said in a report released on Thursday.

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