Australians to save $230 on electricity bills next financial year as wholesale prices fall

Treasurer Jim Chalmers says the saving is a sign the government’s plan to cap prices is ‘starting to make a difference’.

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Australian households are expected to save $230 on their electricity bills in the next financial year due to wholesale price falls recorded after Labor’s market intervention.

According to Treasury analysis of ASX data in December, wholesale electricity prices for 2023 fell by 44% in Queensland compared with November.

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