Skyrocketing Fossil Fuels Price to Hit Household Power Bills
26 May 2022: Skyrocketing Fossil Fuels Price to Hit Household Power Bills
The Default Market Offer for retail electricity prices has today been announced for Queensland, New South Wales and South Australia, setting up substantial price hikes across the country.
“Aussie households are set to be hundreds of dollars worse off because of skyrocketing coal and gas prices,” said Heidi Lee Douglas, National Director at Solar Citizens.
“The hike in household power bills is the result of a massive increase in the wholesale price of electricity. This increase has been the most pronounced in coal-dependent states like Queensland and New South Wales.
“These power price rises come as households are also battling record prices at the fuel pump because of the spiralling cost of oil. Now more than ever we need to be providing Australian families and businesses with affordable clean technology options so they can keep cost of living expenses under control.
“There are millions of Australian homes with rooftop solar across the country and these households know firsthand that solar energy straight from the rooftop is as cheap as electricity gets. Coupling rooftop solar with an electric vehicle means households can save thousands each year.
“There’s a big role for both state and federal governments to play in rolling out more renewable energy to move Australia away from being dependent on expensive fossil fuels, while helping to make electric transport more affordable and accessible.”
Media Contact: Heidi Lee Douglas 0401 092 570