Energy bill relief prospects firm


Energy bill releief is on the horizon:

…AGL’s latest financial result comes just weeks ahead of the Australian Energy Regulator announcing its next default market offer. Australian households have endured bill increases of more than 20 per cent for the last two years.

The default market offer is calculated annually, with the Australian Energy Regulator considering the wholesale cost of electricity, the toll of transporting electricity and the cost of compliance with government rules and regulations.

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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.