Rollercoaster ride expected for power bills

rollercoaster ride expected for power bills

Sumary of Rollercoaster ride expected for power bills:

  • However, Aussies will have to brace themselves for a slight increase of around $20 a year for 2022-23 as NSW’s Liddell coal fire power station is shut down, and before lost capacity is replaced by a combination of solar, wind, gas and batteries.
  • Queenslanders are expected to be the biggest winners with electricity prices expected to drop by 10 per cent meaning a typical bill of $1226 in 2020-21 will drop to $1100 by 2023-24.This is almost double the national average which has electricity bills falling by 5.7 per cent.
  • “We can now see far enough into the future to be confident that power prices paid by consumers will continue to trend downwards over the next three years, despite the staged exit of Liddell power station in 2022 and 2023, one of the biggest coal-fired generators in the national electricity market,” she said.

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