Changes Kicking in for New Financial Year in Australia

Changes Kicking in for New Financial Year in Australia
A general view of powerline near the Sydney South Substation in Picnic Point in Sydney, Australia. Mark Kolbe/Getty Images
AAP
By AAP
Updated:

Households are facing a surge of up to 25 percent in their power bills, as the new financial year brings a raft of new changes.

The Australian Energy Regulator will increase the cost of electricity between 20 and 25 percent, heaping more pressure on people managing soaring cost of living pressures, including persistent inflation and biting interest rate rises.

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