The Federal government is continuing to defend its energy policy this morning, after confirmation power prices will surge up to 25 per cent. ElizaEdNews 9News MORE:
prices will increase between 20 and 25 per cent from July 1 for about 600,000 customers across three states, the Australian Energy Regulator has confirmed.
The AER's decision impacts customers in New South Wales, south-east Queensland and South Australia who are on the default market offer over the coming financial year. From July 1, residential customers on standard retail plans will see price increases of 20.8 per cent to 23.9 per cent without controlled load and from 19.6 per cent to 24.9 per cent with controlled load, depending on their region.
Victorians will see an increase of $350 per year on the average household bill under their process, $750 for the average small business.
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