Power bills surge despite election promise

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Power bills surge despite election promise

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Australian households have paid almost $23 billion extra in electricity bills over four years, despite the Prime Minister's 2021 election commitment to reduce power bills by $275 annually. Queensland households have been hardest hit with a 54% increase in median energy bills, followed by New South Wales at 50%, South Australia at 40%, and Victoria at 26%. The Energy Minister attributes high prices to coal power breakdowns while pointing to government initiatives for solar, batteries and electric vehicles, with potential relief expected from regulator benchmark price drops.

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