Australia is set to experience significant changes in its energy sector, with both electricity and gas markets affected. The Australian Energy Regulator has announced a reduction in electricity prices by up to 7.1% for households, effective from July, in response to lower generation costs. This move aims to alleviate financial pressure on millions of Aussies amid a cost of living crisis, following two years of substantial increases in power bills. Additionally, the Essential Services Commission is cutting the Victorian Default Offer by 6.4%, providing further relief to hundreds of thousands of Victorians. However, the country faces a looming energy challenge with warnings of gas shortages on the east coast by 2026, potentially impacting supply during peak winter demand. The Australian Energy Market Operator has highlighted concerns over gas production, indicating a possible energy crisis in Victoria with supply set to plummet, leading to warnings of outages by 2028.
Victoria deflects gas shortage amid dire warnings https://t.co/jSHuCDHtn2
Victoria is facing a looming energy crisis as gas supply dwindles faster than anticipated, according to a recent report by the Australian Energy Market Operator (AEMO). https://t.co/DtXtLI9D6B
The Australian Energy Market Operator has warned the Australian east coast will experience serious gas shortages within three years. https://t.co/meiJZMEM6F
Australia's southeast runs risk of gas shortages amid production concerns https://t.co/JYDsov1CRB https://t.co/LGporAm8Wj
Rising concern Victoria is on the brink of a gas crisis, with supply set to plummet, prompting warnings of outages by 2028. MORE: https://t.co/t5668pPAqE https://t.co/tWbcwTE2d7
Gas shortages loom as Victoria faces a potential energy crisis Rising concern Victoria is on the brink of a gas crisis, with supply set to plummet, prompting warnings of outages by 2028. https://t.co/t5668pQ8gc
The Australian Energy Market Operator has warned states could soon face gas shortages. https://t.co/vVWqinwnpm
Authorities are set to issue a fresh warning of gas shortages on Australia’s east coast, with a supply squeeze set to hit southern states by 2026 during peak winter demand. Find out more: https://t.co/Iqaxp45Vd5 https://t.co/L3AR65OSij
After years of power bill increases, millions of Australians are finally set for some much-needed relief in the form of electricity price drops of up to 7 per cent. #9News https://t.co/zoPWrQILz6
After two years of power bill increases of more than 20 per cent, the majority of Australian households will see electricity bills fall from July 1. WATCH| STORY: https://t.co/ocCfbypWXe https://t.co/P7qUEMiLNg
Millions of Aussies are set for some much-needed electricity bill relief from July 1, with the nation’s energy regulator set to cap the amount retailers can charge customers. #9News HOW MUCH YOU’LL SAVE: https://t.co/lTuWg0lJB5 https://t.co/q5rcjUOgPC
Hundreds of thousands of Victorians are set to be granted electricity bill relief as the Essential Services Commission moves to cut the Victorian Default Offer by 6.4 per cent. > https://t.co/QETJBaw4XV https://t.co/N0XjK48Tat
Most Australians on the east coast could see reductions in their power bills this year after two years of price rises. https://t.co/0XKeazSW9S
The bulk of Australian households and businesses will see electricity bills fall from July 1, the country’s energy regulator has proposed – a boost to efforts to ease a cost of living crisis that has left many buckling. Read more: https://t.co/eZec5ir6vx https://t.co/E60GUY3rXC
And now Victoria's default offer to see a drop in annual power bills of 6.4%-7% for 2024-25... https://t.co/GhwZ40rnUa
#BREAKING: The Australian Energy Regular has announced millions of Aussies will see electricity prices drop in July in a bid to ease financial pressure on households amid the cost of living crisis. https://t.co/GFnJ9Oqd4U
Australians’ power bills set to fall after two years of huge increases https://t.co/r0azmFlmDG
Australia’s power regulator orders price cuts of up to 7.1% for households as generation costs ease https://t.co/2dg3967wzL
(New from me): Australia’s power regulator orders price cuts of up to 7.1% for households as generation costs ease https://t.co/SyFiVnZqbE
People who've not had any previous help will get £400 off energy bills https://t.co/vwuB80VpIl