Power prices to surge up to 18.3 per cent as energy market turmoil flows through to households

 Millions of Australian households are set to be hit by soaring electricity costs after the energy industry watchdog increased key prices by hundreds of dollars a year.

In a fresh blow to households dealing with surging costs of living, the Australian Energy Regulator (AER) has decided to pass on hefty increases to a benchmark power price.

The tariffs, known as default market offers, will rise between 8.5 per cent and 18.3 per cent in New South Wales, up to 12.6 per cent in south-east Queensland and 9.5 per cent in South Australia.

Read More: https://www.abc.net.au/news/2022-05-26/benchmark-power-prices-electricity-bills-to-soar-australia/101098128