A second major energy retailer has unveiled big price hikes in gas and electricity from next month, just one week after AGL announced increases of up to $600 a year in some states.
|SA Treasurer Tom Koutsantonis said the energy retailers were 'profiteering'.|
EnergyAustralia has announced electricity price rises of close to 20 per cent for residential and business customers in both South Australia and New South Wales from July 1.
The combined electricity and gas bill of an average household in SA would increase by $470 a year in SA and $379 a year in NSW.
EnergyAustralia said electricity price hikes in Queensland would be contained to an average 7.3 per cent, due mainly to the Queensland Government's direction to the State Government-owned distribution network to keep prices low.
Read the ABC News story - “EnergyAustralia follows AGL by announcing electricity price hikes across the country."