Australian household electricity prices may be 25% higher than official report

The International Energy Agency (IEA) may be underestimating Australian household energy bills by 25% because of a lack of accurate data from the federal government.

Power price pain is worse than we thought. 

The Paris-based IEA produces official quarterly energy statistics for the 30 member nations of the Organisation for Economic Cooperation and Development (OECD), on which policymakers and researchers rely heavily. But to provide this service, the IEA relies on member countries to provide it with good-quality data.

Last month, the agency published its annual summary report, Key World Statistics, which reported that Australian households have the 11th most expensive electricity prices in the OECD.

Read the piece by the Director, Carbon and Energy Markets at the Victoria University, Bruce Mountain, on The Conversation - “Australian household electricity prices may be 25% higher than official report.”