Another electricity price shock is set to arrive in a few months:
Electricity prices are poised to jump by more than 20 per cent when the energy regulator unveils changes to default offers next week, Origin Energy chief executive Frank Calabria says.
The price rise, which will take effect on July 1, will add to the pain facing households battling Australia’s most acute outbreak of inflation in decades and comes on top of the double-digit hit to energy bills approved by the Australian Energy Regulator (AER) last year.
