More cost-of-living woes with power bills set to soar

Households face massive increases in their power bills adding further cost-of-living pressures on Australian families.

The expected jump in bills is thanks to a surge in the wholesale price of electricity.

It comes after customers have enjoyed falls over the last two years.


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The Australian Energy Regulator is set to release its Default Market Offers (DMO) on Thursday which is the default amount electricity retailers can charge customers on default plans.

Wholesale electricity prices had already doubled in the 12 months to March and have kept rising since then.

The AER is predicted to increase DMOs by between 10 and 15 per cent.

That is expected to add around 200 dollars to the average annual household bill.

Australia’s three biggest energy retailers – Origin, AGL and Energy Australia are expected to announce their new prices in mid-June.