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The New Daily
The New Daily
The New Daily

Power prices to soar despite coal and gas cap

Residential electricity prices are expected to increase between 19.5 and 23.7 per cent.

Australian households face steep electricity price hikes within months, power costs jump as much as 30 per cent in some states.

But the increases will be less steep than those foreshadowed before the government stepped in to cap coal and gas prices in an attempt to rein in skyrocketing power costs.

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