The Australian Energy Regulator (AER) has revealed draft electricity price increases of between 20 and 22 per cent over the coming financial year, while Victorian consumers can expect a 30 per cent price surge.
However, the AER's chair, Clare Savage, said the default market offer for electricity would likely have risen between 40 to 50 per cent without government intervention to cap prices in the domestic gas and coal markets late last year.
