The AEMO also said electricity prices for the quarter are 67 per cent higher than the previous quarter, with prices averaging at $87 per megawatt hour.Australian Energy Market Operator says wholesale electricity prices have more than doubled in a year.
Households and businesses are starting to see the price increases reflected in their electricity bills. And AEMO said they will continue to, forecasting energy companies will push up their power bills by eight per cent after the election, or $100 per bill.highest since the introduction of the Goods and Services Tax in 2000Gas prices have also jumped from the previous year, with prices averaging $9.93 per gigajoule compared with $6.05 per gigajoule in the 2021 March quarter.For 6.6 per cent of the time, AEMO said the net-zero cost of fuel for wind, solar and hydro were reached.
The Labor Party is placing the blame on rising electricity prices on the Morrison government, with Australian Labor Party National President Wayne Swan, saying it's the result of the "Coalition's war against renewables". "Electricity prices are higher because cheaper renewables are not moving into the system as quickly as they should be doing so," Mr Swan told"The Coalition has held that up. It's another area where they've been missing in action and are living with the consequences of their inaction.""If you're worrying about electricity prices, and petrol prices they will always be higher under Labor," Mr Dutton said.
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