It’s no surprise that electricity prices are the number 1 cost of living concern in Australia – our power bills are some of the highest in the world! A study by Canstar shows that 42% of their over-50s respondents believe that energy costs are their main cause of bill stress, closely followed by health insurance and council rates.
More and more Australian households are struggling to pay their electricity bills with some reports showing that families are choosing to move houses, throw out electrical appliances or live without heating in winter – all to save on their power bills and keep their living costs down.
To make matters worse, Australian electricity prices are only getting higher, with some politicians saying that these highs are the “new normal”. What we’re now calling “normal” is a 117% increase in electricity prices over the past decade – that’s 4 times the average price increase across sectors, according to the ABC.
Australians are calling for governments to prioritise and invest in renewable energy sources to offer a solution to the ever-rising electricity prices and provide a long-term power solution for our future.
