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Power price surge adds to ‘headwinds’ for energy bills

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer
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Wholesale electricity prices roughly doubled in the December quarter amid a pre-summer squeeze on the NSW and Queensland grids. The cost increase has stoked concerns about the risk of a fresh jump in retail prices for cash-strapped households.

NSW bore the brunt of the surge, with average prices spiking 134 per cent from the December 2023 quarter, according to analysis by the University of NSW.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com
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    Original URL: https://www.afr.com/companies/energy/power-price-surge-adds-to-headwinds-for-energy-bills-20250108-p5l2se