Australians are being hit with a double whammy: climate change is worsening extremes in weather and the price of energy is soaring. The combination is bad news if you are looking to crank up the air conditioner over a weekend of heatwaves in eastern Australia. In fact, households in most states can expect power bills to rise by as much as 23.7% from 1 July and gas shortages are anticipated.
Mariam Gabaji, a Finder energy expert, is expecting “a couple more years” of price hikes for renters and homeowners before the market eases.
