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flag Australian electricity prices to rise 0.5% to nearly 10% in southeast states, government warns.

flag Household electricity prices in Australia are expected to rise significantly in the coming financial year, with projected increases from 0.5% to nearly 10% across southeastern states, according to confidential government documents shared with Energy Minister Chris Bowen. flag The draft Default Market Offer from the energy regulator highlights ongoing concerns over energy affordability, second only to food costs. flag The documents stress the need for accelerated emissions reductions to meet 2030 climate targets and call for full implementation of renewable energy policies. flag In response, the government has reaffirmed its 2035 goal to cut carbon pollution by 62% to 70% compared to 2005 levels.

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