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AAP

Business

Andrew Brown and Maeve Bannister

Future energy price rises are 'significant': Albanese

Andrew Barr Anthony Albanese ACT

Experts say small business owners will have to closely manage energy costs in the coming months. (Russell Freeman/AAP PHOTOS) (AAP)

Prime Minister Anthony Albanese has denied looming energy price rises are an embarrassment for the government, despite describing the price hike as significant.

The Australian Energy Regulator released its draft default market offer decision on Wednesday for the upcoming financial year,showing a 25.4 per cent rise, or $1738 a year more, from July 1.

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