Energy prices in Australia have been skyrocketing in recent years, leaving consumers wary about how to pay for their ever-increasing electricity and gas bills. Prices bottomed out in 2013 and 2014 and again in the last year and a half up until the first quarter of 2019, which is the latest on record, but the general upwards trend is not broken up. In the last decade, electricity prices have doubled or close to doubled for many consumers, according to the Tariff Tracking project.
Electricity wholesale prices spiked again after the surprise election win for the incumbent Coalition government in connection with announcements by the Morrison administration to try and cut wholesale electricity prices down. The government had announced it would envision a cap at AUS$70 per megawatt hour, which in turn caused averages prices to increase to AUS$90/megawatt hour because of the ensuing uncertainty in the sector, according to the Sydney Morning Herald.
The Statista "Chart of the Day", made available
under the Creative Commons License CC BY-ND 3.0, may be used
and displayed without charge by all commercial and
non-commercial websites. Use is, however, only permitted with
proper attribution to Statista. When publishing one of these graphics,
please include a backlink to the respective infographic URL.
The Statista "Chart of the Day" currently focuses
on two sectors: "Media and Technology", updated
daily and featuring the latest statistics from the media,
internet, telecommunications and consumer electronics
industries; and "Economy and Society", which
current data from the United States and around the
world relating to economic and political issues as well as
sports and entertainment.
For individual content and infographics in your Corporate Design,
please visit our agency website
Any more questions?
Get in touch with us quickly and easily. We are happy to help!