The regulator released its draft ‘default market offer’ for 2024-25 which sets the maximum amount retailers can charge for power
The majority of residential customers can expect power price cuts of between 0.4% to 7.1% under the regulator’s draft default market offer.The majority of residential customers can expect power price cuts of between 0.4% to 7.1% under the regulator’s draft default market offer.Millions of households could see power prices fall in the coming year as falling costs for generation have declined from the “extreme peaks of 2022”, the Australian Energy Regulator says.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “While wholesale markets have stabilised since their extreme peaks of 2022, this easing has been offset by the pressures we are observing in network prices,” she said. “Poles and wires costs are a large component of retail prices, comprising around 40% of the price.”
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