Melbourne airport security breach; Warning of big jump in power bills; Russian missiles strike Ukrainian cities; Hundreds of millimetres of rain to fall in multi-state deluge
Cost-of-living pressures are set to worsen for households with power bill prices forecast to soar by 35 per cent next year, energy company bosses have warned.
“Next year, using the current market prices, tariffs are going up a minimum 35 per cent,” Alinta Energy chief executive Jeff Dimery told The Australian Financial Review’s Energy & Climate Summit yesterday.
Tight supply issues and Russia’s invasion of Ukraine have put pressure on wholesale prices and international commodity markets, the summit was told.
The early closure of coal-fired power stations is also creating a rocky transition to renewable energy.
Under the predicted 35 per cent rise next year, the average quя╗┐arterly power bill in South Australia would be $514, in New South Wales $480 and for Victorian consumers $430.
