Headline price increases of 25 per cent barely tell the story of struggling households at risk of falling behind in the energy transition.
abc.net.au/news/power-price-hikes-hit-poor-hardest-analysis/102392678For Australian households weary of tumultuous energy markets and rocketing prices, a bill hike of more than 20 per cent is hardly likely to be welcome news.
But it sets an important precedent for the offers that are available in the broader market, acting as a benchmark against which retailers reference all their other prices. In the case of these latest price hikes, he says the regulators undoubtedly had to take into account the unprecedented wholesale market turmoil and high prices of the past 12 months.But the veteran energy researcher is worried the headline numbers mask a much bigger, structural problem.
Add in a home battery, which usually costs several thousand dollars more, and electricity bills can be completely eradicated.Mr Dufty, himself a solar householder, says the benefits of such technologies are huge.
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