Electricity prices set to surge up to 30 per cent as regulators reveal draft pricing plans

 The Australian Energy Regulator (AER) has revealed draft electricity price increases of between 20 and 22 per cent over the coming financial year, while Victorian consumers can expect a 30 per cent price surge.

However, the AER's chair, Clare Savage, said the default market offer for electricity would likely have risen between 40 to 50 per cent without government intervention to cap prices in the domestic gas and coal markets late last year. 

"Since [the government] started talking about interventions in October last year, the prices seem to have stabilised in the last couple of months," she told RN Breakfast.

Read More: https://www.abc.net.au/news/2023-03-15/australian-energy-regulator-default-market-offer/102094290



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