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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.