Household electricity bills to go down from Monday for the first time in years

From Monday, most household electricity bills will start to go down for the first time in years.

"A long way to go but we've now turned the corner and are seeing energy prices come down," Bowen said.Energy Minister Chris Bowen said the government was providing much needed relief amidst the cost of living crisis July 1 will also bring increases to the minimum wage and awards, while parents will get an extra two weeks of paid parental leave.While this is good news for households, there's concerns all this extra money in the economy will only contribute to inflation raising the risk of another interest rate hike.

The Opposition warning of impending interest rate hikes from the government's move isn't dampening the Prime Minister's spirits.

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Tax cuts to energy price cuts and bigger internet bills: Everything that's about to change on July 1Here&x27;s a run-down of what&x27;s changing on Monday, and what impact each of the measures will have on you.
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