East coast residents will be hit with huge electricity bill increases as authorities warn that dwindling gas supplies could plunge the market deeper into turmoil.
Government intervention in the coal and gas markets has slowed price rises,but households can still expect prices to go up another 23 per cent.
Households wanting to save can take solace from the fact there are hundreds of dollars between the cheapest and most expensive energy plans.
If you believe the government,the publicly owned renewable energy generator will drive down prices and create tens of thousands of jobs. But how?
China’s reopening has some positives for the Australian economy but will carry with it some negatives for the rest of the world.
The reopening of the world’s second-largest economy has been taken with optimism by markets,but the benefits might be limited to Australia’s energy exporters.
But while wholesale contracts for 2023-24 are already cheaper,one expert warned consumers won’t see a difference in their bills until the middle of the year.
Thermal coal companies in NSW will need to set aside between 7 and 10 per cent of their output for the domestic market,but the decision has been met with outrage by the industry.
The polls detected rising anxiety about living costs early in 2022. It is now entrenched as our number one concern.
Forward prices for electricity have halved over the past two months,but there’s a risk the cheaper futures market won’t fully flow through to household bills.
The federal and NSW governments have agreed to a multibillion-dollar deal to supercharge the east coast electricity supply.