Residential electricity prices up 37%

December 12th, 2011 by Fabian

According to a recent report from the Australian Energy Market Commission, residential electricity prices are forecast to go up 37% over the next three years.

The forecast increases are broken down as follows:

• Transmission: 6% contribution
• Distribution: 34% contribution
• Wholesale: 40% contribution (includes impact of carbon price)
• Retail: 12% contribution
• Renewables (RET): 3% contribution (from renewable energy target)
• Renewables (FIT): 2% contribution (from feed in tariffs)

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