We announced today significant increases to regulated electricity prices for 2013–14.
“As foreshadowed in our draft determination in February, escalating costs across the board mean higher regulated prices from 1 July 2013,” said QCA chairman Malcolm Roberts.
“From 1 July, regulated prices will increase by 7% to 24%. In most cases, the increases will be slightly higher than indicated in the draft determination.
“The QCA knows that these price increases will strain family and business budgets. The QCA has only made this decision because the alternative of setting prices below actual costs is unsustainable.
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