Your Electricity Bill Is Going To Get A Lot More Expensive This Cold Szn Here’s Why

As if paying $2 for a litre of petrol wasn’t enough, everyone’s power bills are set to leap up next month as electricity prices become the latest addition to our high cost of living. Time to live under my doona so I don’t have to turn my heater on. The Australian Energy Regulator (AER) ordered an increase to the benchmark price at the end of May in response to cost pressures facing energy providers. The amount by which prices will rise will vary state to state and provider to provider, but rest assured I will be keeping my lights off and living in darkness this winter. There’s been a lot of talk from all sides of politics about why people are being forced to pay more when the cost of living is already bonkers. So why is this happening and how hard will it hit my cocktail budget?

How much are energy prices expected to rise?

wholesale energy prices have gone up much moretold its more than 70,000 Australian customersLuke Blincoe

Why is this happening?

production issuesclose its Eraring facility

What has the Federal Government said?

Treasurer Jim Chalmers spoke to several media outlets on Thursday morning to address rising energy prices adding to the high cost of living.

“The energy market operator has already imposed a cap … that’s an important step,” he told the ABC.

“There is the so-called trigger which is about domestic supply, we need to recognise that even that potential policy trigger has its own challenges and is not necessarily immediate. Our most important responsibility is to try and inject the sense of certainty.”

Chris BowenAngus Taylor

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