The number of households carrying significant energy debt of more than $2500 has increased by 39 per cent, according to a new report by the Australian Energy Regulator.
As the Albanese government prepares to intervene in the energy market to bring down power prices, which are forecast to increase by 56 per cent over the next two years, the AER report found that energy retailers were offering customers deals priced above the regulated safety net price.
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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com