Australian households are bracing themselves for a double to triple-digit hike in their gas bill after two of Australia’s largest energy suppliers announced new gas rates.
AGL, the country’s largest electricity generator, has raised gas prices for Victorian, New South Wales (NSW), Queensland and South Australian customers–from Jan. 1 for customers on standing offers and from Feb. 1 for customers on variable rate market contracts.
With the new rates, residential customers in Victoria on variable rate market contracts would suffer the most, having to pay an extra $326 per year on average, which equates to a 24.9 percent increase, while Victorian residential AGL customers on standing offers will need to pay an extra $304 per year (21.6 percent)….