Major energy providers confirm price hikes up to 13.5 per cent
The three retailers, Origin, AGL and EnergyAustralia, supply more than 60 per cent of the Australian electricity market and will lift prices between July 1 and September 1, 2025.
The announcement follows a decision by regulators in May to increase the default price offers that seek to stop gouging through setting benchmark prices.
Prices vary between different states and retailers, and so does when the increases occur.
Origin and AGL lift prices on July 1 in NSW, Qld and SA. Origin, AGL and EnergyAustralia increase prices on August 1 in Vic, ACT and NSW. Energy Australia will increase prices in Qld and SA on September 1.
Canstar Blue data insights director Sally Tindall said the increases were not what most hoped for and would not be limited to the three major providers.
"For the average household, they're looking at price hikes of between $31 and $261 a year, however, for bigger families, they could well be looking at hikes that are double this," Ms Tindall said.
"We expect the majority of providers will be hiking their energy rates over the next couple of months on the back of increased network, wholesale and admin costs."
The federal government had extended energy bill rebates until the end of in the 2025 budget.
Earlier in June, Climate Change and Energy Minister Chris Bowen was set to tell a energy conference that reform to the default market system wasn't working as it was intended and "reform is needed".
"It's difficult to defend the DMO when the customer is required to do the deal hunting," the minister's speech said.
"The longer expensive coal and gas keep setting the price, the longer bills will be higher than they should be."
READ MORE: 'I don't think it's working': electricity bill pricing set for overhaul
To find any rebates available to you, visit www.energy.gov.au/rebates.
Three of Australia's largest energy retailers have confirmed price hikes that could cost families between $31 and $261 per year.
The three retailers, Origin, AGL and EnergyAustralia, supply more than 60 per cent of the Australian electricity market and will lift prices between July 1 and September 1, 2025.
The announcement follows a decision by regulators in May to increase the default price offers that seek to stop gouging through setting benchmark prices.
Prices vary between different states and retailers, and so does when the increases occur.
Origin and AGL lift prices on July 1 in NSW, Qld and SA. Origin, AGL and EnergyAustralia increase prices on August 1 in Vic, ACT and NSW. Energy Australia will increase prices in Qld and SA on September 1.
Canstar Blue data insights director Sally Tindall said the increases were not what most hoped for and would not be limited to the three major providers.
"For the average household, they're looking at price hikes of between $31 and $261 a year, however, for bigger families, they could well be looking at hikes that are double this," Ms Tindall said.
"We expect the majority of providers will be hiking their energy rates over the next couple of months on the back of increased network, wholesale and admin costs."
The federal government had extended energy bill rebates until the end of in the 2025 budget.
Earlier in June, Climate Change and Energy Minister Chris Bowen was set to tell a energy conference that reform to the default market system wasn't working as it was intended and "reform is needed".
"It's difficult to defend the DMO when the customer is required to do the deal hunting," the minister's speech said.
"The longer expensive coal and gas keep setting the price, the longer bills will be higher than they should be."
READ MORE: 'I don't think it's working': electricity bill pricing set for overhaul
To find any rebates available to you, visit www.energy.gov.au/rebates.
Three of Australia's largest energy retailers have confirmed price hikes that could cost families between $31 and $261 per year.
The three retailers, Origin, AGL and EnergyAustralia, supply more than 60 per cent of the Australian electricity market and will lift prices between July 1 and September 1, 2025.
The announcement follows a decision by regulators in May to increase the default price offers that seek to stop gouging through setting benchmark prices.
Prices vary between different states and retailers, and so does when the increases occur.
Origin and AGL lift prices on July 1 in NSW, Qld and SA. Origin, AGL and EnergyAustralia increase prices on August 1 in Vic, ACT and NSW. Energy Australia will increase prices in Qld and SA on September 1.
Canstar Blue data insights director Sally Tindall said the increases were not what most hoped for and would not be limited to the three major providers.
"For the average household, they're looking at price hikes of between $31 and $261 a year, however, for bigger families, they could well be looking at hikes that are double this," Ms Tindall said.
"We expect the majority of providers will be hiking their energy rates over the next couple of months on the back of increased network, wholesale and admin costs."
The federal government had extended energy bill rebates until the end of in the 2025 budget.
Earlier in June, Climate Change and Energy Minister Chris Bowen was set to tell a energy conference that reform to the default market system wasn't working as it was intended and "reform is needed".
"It's difficult to defend the DMO when the customer is required to do the deal hunting," the minister's speech said.
"The longer expensive coal and gas keep setting the price, the longer bills will be higher than they should be."
READ MORE: 'I don't think it's working': electricity bill pricing set for overhaul
To find any rebates available to you, visit www.energy.gov.au/rebates.
Three of Australia's largest energy retailers have confirmed price hikes that could cost families between $31 and $261 per year.
The three retailers, Origin, AGL and EnergyAustralia, supply more than 60 per cent of the Australian electricity market and will lift prices between July 1 and September 1, 2025.
The announcement follows a decision by regulators in May to increase the default price offers that seek to stop gouging through setting benchmark prices.
Prices vary between different states and retailers, and so does when the increases occur.
Origin and AGL lift prices on July 1 in NSW, Qld and SA. Origin, AGL and EnergyAustralia increase prices on August 1 in Vic, ACT and NSW. Energy Australia will increase prices in Qld and SA on September 1.
Canstar Blue data insights director Sally Tindall said the increases were not what most hoped for and would not be limited to the three major providers.
"For the average household, they're looking at price hikes of between $31 and $261 a year, however, for bigger families, they could well be looking at hikes that are double this," Ms Tindall said.
"We expect the majority of providers will be hiking their energy rates over the next couple of months on the back of increased network, wholesale and admin costs."
The federal government had extended energy bill rebates until the end of in the 2025 budget.
Earlier in June, Climate Change and Energy Minister Chris Bowen was set to tell a energy conference that reform to the default market system wasn't working as it was intended and "reform is needed".
"It's difficult to defend the DMO when the customer is required to do the deal hunting," the minister's speech said.
"The longer expensive coal and gas keep setting the price, the longer bills will be higher than they should be."
READ MORE: 'I don't think it's working': electricity bill pricing set for overhaul
To find any rebates available to you, visit www.energy.gov.au/rebates.
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Australia is subject to a baseline 10 per cent tariff applied by the Trump administration and has been keeping an eye on the trade negotiations of other countries. AMP chief economist Shane Oliver said Donald Trump's flagged higher tariffs might include the nation's exports. "The risk for Australia is that we may be lucky to hang on to 10 per cent, which could actually turn out to be higher," he told AAP. "This (beef decision) might help us hang on to 10 per cent or avoid a worse outcome, but I don't think there's any guarantees of that." American beef was banned from Australia almost two decades ago following an outbreak of mad cow disease. Mr Trump has pressured the government to ease restrictions as Labor argues for an exemption from the tariffs as part of the US president's deepening trade war. Former ambassador to the US Arthur Sinodinos said while biosecurity investigations can take a while to finalise, it was a "sensible outcome". "The challenge here is it doesn't look like we're putting together a package deal," he said. "It'd be better if there was a package approach to this if we're seeking to gather an overall trade outcome with the US." Australian Farm Institute executive director Katie McRobert said the cattle industry has been "extremely nervous" about biosecurity traceability from different parts of the north and South America regions. "We wouldn't expect a significant impact on Australian producers from the potential to import American beef ... because we already produce far more beef in Australia than we can possibly eat," she said. Trade Minister Don Farrell said he didn't have any meetings scheduled with American counterparts after last meeting US trade representative Jamieson Greer on the sidelines of an OECD ministerial meeting in Paris in June. Senator Farrell said Mr Greer didn't raise beef concerns at that meeting. "We believe that America should lift those tariffs on Australia, there's no justification whatsoever for the United States to apply tariffs to Australia," he told reporters in Canberra on Thursday. "We have a free trade agreement, that agreement makes it very clear that it's a tariff free arrangement." Senator Farrell also denied the move was to create a bargaining chip. The Philippines and Japan recently struck agreements with the US to lower their tariff rates, but both are still above the 10 per cent baseline.
