Australia’s wholesale electricity and gas prices regained their growth momentum in the June quarter after a period of sharp decline. However, they were much lower than the extreme highs recorded a year ago as production capacity improved. According to the Australian Energy Regulator’s (AER) latest wholesale markets report (pdf), the average spot prices in the…

Commentary The International Energy Agency (IEA) is again demonstrating its usefulness in creating whips for Western governments to flagellate themselves with. Last time, it was their Net-Zero report, which recommended building no new fossil-fuel-fired power stations. Ever. It was released the day before Australia approved a new gas-fired power station. This time, it is the…

Regional Queenslanders are set to feel the most pressure on their power bills as the highest power price increase of almost 30 percent was announced. The Queensland Competition Authority (QCA) released the final decision on regulated real electricity prices on June 9, with the price increase starting from July 1. The households in regional Queensland…

Hundreds of thousands of Australian households will see their electricity bills surge by up to $600 (US$390) this July 1 in the latest wave of price increases. The Australian Energy Regulator (AER) has released the new default market offer, which caps the maximum rate energy retailers can charge residential and small business customers in three…

Millions of Australians will be confronted with another cost-of-living pressure, with electricity bills set to jump from July 1 after the national energy regulator announced the lift in response to soaring wholesale prices. The Australian Energy Regulator (AER) revealed that the new default market offer (DMO), a price cap that protects consumers from unjustified high…