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Bruce Mountain, Director, Victoria Energy Policy Centre, Victoria University

Expect more power price hikes – a 1970s-style energy shock is on the cards

Electricity Australia Australian Energy Regulator Britain Coal New South Wales Queensland South Australia
Shutterstock

Yesterday the Australian Energy Regulator increased the “default market offers” that apply to electricity retailers in New South Wales, South Australia, Queensland by 8% to 18%, depending on type of tariffs and location.

The day before, Victoria’s Essential Services Commission announced the default offer for Victorian consumers will increase by 1% to 5%, depending on tariff type and location.

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