Winter is coming: The spectre of political intervention in the electricity market

The chance of political intervention in the electricity market is largely dependent on the weather. (Image: Getty)

Wed, 23 Oct 2024

Next year will be crucial for the electricity sector, with a confluence of factors likely to raise the prospects of political intervention if things go wrong.In April next year, households will get an average $15 a month increase in power bills due to increased charges for lines and transmission networks. People will notice this and then be told this is just the start of price rises to cover the cost of upgrades needed over the next five years.At the same time, electricity retailers will decide how much to pass on the increased cost of ene...

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