Electricity bills set to rise as Australian Energy Regulator sets new network transmission costs

Australians hoping for energy bill relief next financial year have been delivered a blow, with the cost of energy transmission set to rise in different parts of the country.

A decision by the Australian Energy Regulator (AER) will see the amount charged by electricity distributors rise over the next five years.

The biggest hike is in the Northern Territory, where transmission costs charged by the Power and Water Corporation will rise by $116 a year for the average household, while small businesses are set to pay $332 a year more.

To know more: https://www.abc.net.au/news/2024-04-30/electricity-bills-rising-as-energy-regulator-increases-costs/103784950