The Australian Energy Regulator (AER) has confirmed electricity prices will increase by between 20 and 25 per cent from July 1 — higher than the draft offer put forward by the regulator in March — while Victorian prices will rise by 25 per cent.
The AER's decision will directly affect around 600,000 customers in South Australia, New South Wales and south-east Queensland who are on the default offer, which is a benchmark price designed to keep a lid on price rises for household and small business customers.
