Australians can expect a significant rise in their power bills

Australian Energy Regulator increased its default offer price for three states, as some experts warn we could see the biggest rise in electricity prices in decades.

Liddell Power Station, a coal-powered thermal power station near Muswellbrook in the Hunter Valley Source: AAP

Highlights

• The default offer set by the Australian Energy Regulator will see prices for residential customers rise between 8.5 and 14 per cent in New South Wales, up more than 11 per cent in southeast Queensland and 7 per cent in South Australia.
• Victoria’s regulator earlier in the week announced an increase of 5%.
• The new government is blaming its predecessor for the rise and is promising to invest in renewable energy.

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