Customers in NSW could see power bill increases of up to 18%, South Australia almost 20% and parts of Queensland could see rises of 12%
Incoming energy minister Chris Bowen said the sharp increase in the standard market price was the result of “nine years of delay and denial” by the Coalition government that would now be left with households and businesses to pay., NSW and South Australia covered by the so-called default market offer, he said. “Nine years of policy chaos means we don’t have enough renewables in the system” nor enough transmission to link them up “the cheapest form of energy” to the grid.
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