East coast households could
face a staggering $600 a year
increase in electricity bills
without major changes to the
delivery of the nation’s energy
transition infrastructure, new
modelling has found.

The cost of transforming the electricity grid is set to add at least another $600 a year to household energy bills, according to new research from Policy Institute Australia, prompting calls for major changes to the way governments approach the development of energy transmission infrastructure.

Households in NSW, Queensland and Victoria could face a staggering $600 per year increase in their electricity bills due to energy transition infrastructure fees.

Multibillion-dollar cost blowouts for poles and wires electricity transmission projects have prompted calls for major changes to the way developments are approved and kept on budget as Australia’s escalating fuel crisis puts extra pressure on governments to keep a lid on power prices.

Over the next decade, plans are to build at least $65-$85 billion in transmission lines across the east coast of Australia – more than tripling the value of our transmission grid. Transmission is essential for our energy transition, as renewable generation replaces our ageing coal fired power stations that are nearing the end of life.

he Policy Institute Australia (PIA) is warning that competition in Australia has declined and has called for a fresh $20 billion war chest to drive a revamped National Competition Policy reform package as part of the government’s upcoming productivity-focused budget.

‘Competition Pulse’, a new digital tracker, shows Australia is slipping on competition in critical industry sectors. Decisive action is needed to turn this around and give consumers more choice, lower prices and lower interest rates.