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 needs to listen to the UN Energy Chief.
Looking forward to the $275 saving promised by Labor before the election.
But albo promised cuts to energy bills!!!