More Australians face power bill increases of hundreds of dollars a year after EnergyAustralia became the latest major power and gas retailer to pass on this year’s steep rises in wholesale costs. | Nick Toscano
More Australians face power bill increases of hundreds of dollars a year after EnergyAustralia became the latest major power and gas retailer to pass on this year’s steep rises in wholesale costs.
EnergyAustralia’s rate changes from August 1 follow similar rises by rival power giants Origin Energy and AGL and threaten to add to Australia’s worsening cost-of-living pressures while inflation sits at a two-decade high. Coal and gas plant operators, which account for the majority of the eastern seaboard’s electrical grid, have been squeezed by surging fossil fuel costs as Western nations scramble to lock in non-Russian supplies of coal and gas, deepening global shortages and boosting prices.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Difficult day’ for Australians facing rising interest rates
Read more »
Four floods in 18 months but ‘you’ve just got to cop it’Earthmoving business owner Adam Newnes faces another expensive clean-up bill.
Read more »
EnergyAustralia lifts tariffs by up to 18.9pcEnergyAustralia has become the latest power and gas supplier to announce steep increases in prices, lifting tariffs by as much as 18.9 per cent in Queensland.
Read more »
'Disturbing' lack of empathy from WA Police executives causing officers to quit in droves, union claimsThe West Australian government rejects claims by the Police Union that dissatisfaction is behind hundreds of officers leaving the force, instead saying it is a sign of the booming economy.
Read more »
'Groundbreaking' deal sees New Zealand women's cricketers receive significant pay riseA new, five-year deal will see New Zealand's men's and women's players receive the same match fees across all formats and competitions — but there will still be a big gap between men's and women's wages.
Read more »
China in no rush to resume buying Australian coalIncreased domestic production, high inventories and rising imports from Russia and Mongolia mean China is unlikely to resume buying Australian coal even if political relations thaw.
Read more »