Page 2 - Gavin Dufty News Today

Headline price increases of 25 per cent barely tell the story of struggling households at risk of falling behind in the energy transition.

Regulators around the country have recommended steep electricity price increase of more than 30 per cent in some cases, across Victoria, NSW, Queensland and SA.

Analysis indicates the scheme will capture as many 1.7 million children by 2030, costing up to $710 million a year.

Treasury analysis shows electricity prices futures have come down since the government’s intervention was announced in December, but that won’t help households or businesses until next year.

The government’s deal with Greens to fund low-income households to switch from gas to electric appliances could create a clash with property investors.

Plans to electrify households could put strain on the grid, experts said.

Agreement raises concerns transition to lower emissions energy sector will be harder and more expensive

Two small energy retailers urged customers to leave and then quietly sold their hedging positions for up to $100 million.

EnergyAustralia has become the latest power and gas supplier to announce steep increases in prices, lifting tariffs by as much as 18.9 per cent in Queensland.

Wholesale power prices are returning to levels that would trigger a price cap in Queensland, the state where households are being hardest hit by rising bills.