Electricity prices in Australia are now among the highest in the world, with our bills eclipsing averages in the US and still showing no signs of slowing. 9News
In Victoria, households can expect rises of 25.5 per cent , in Queensland prices will be hiked by 26.4 per cent , while in South Australia, rates will rise by 29.8 per cent .
An increase of 23.6 per cent is expected in Victoria , in South Australia, residents will see a 23.2 per cent increase , and in Queensland hikes of roughly 20.3 per cent are forecast . "Just goes to show we've got to get on with getting those renewables in place and you can't do it overnight."While the price jump spells bad news for the average household, Labor Party president Wayne Swan said there is some hope on the horizon for cash-strapped Aussies.
"We'll spend up to $45 million over the next 12 months to provide support to customers in hardship, which is in addition to the $30m in payment support we have provided over the past year."Last month, the Australian Energy Regulator confirmed electricity prices will increase between 20 and 25 per cent from July 1 for about 600,000 customers.
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