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Energy Regulator Proposes Up to 9% Power Price Hike Across Eastern Australia

Households in New South Wales, South-East Queensland, and South Australia face significant electricity bill increases starting July, intensifying cost-of-living pressures.

  • The Australian Energy Regulator's draft decision proposes raising benchmark electricity prices by 2.5% to 8.9% in several states, with finalization expected in May.
  • New South Wales customers are projected to see the highest increases, with annual bills rising by up to $200 for some households.
  • Energy ministers have urged the regulator to scrutinize retailer costs and profit margins, emphasizing the need to address cost-of-living challenges.
  • Research highlights the severe impact of rising energy costs, with many Australians skipping meals, medication, or cooling to manage bills.
  • Consumers are encouraged to shop around for better energy deals, while calls for government-backed energy efficiency and solar initiatives are intensifying.
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