There goes Chicken Chalmer’s energy bill relief

Thursday 25 May 2023

Households will face electricity prices rises of between 19.6 per cent and 24.9 per cent from July 1, after a final determination from the Australian Energy Regulator.

The final default market offer unveiled by the AER on Thursday morning is slightly higher than the 19.5 per cent to 23.7 per cent forecast in the draft DMO in March.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.