Why are Australian Electricity bills going up? Conservatives blame renewables while the federal government blames everyone else as reported by Finder.
There are 4 components that make up the electricity bill and each of them has contributed to the price hike:
- The cost of transporting electricity
- The cost of billing the customer
- The cost of generating electricity
- The cost of environmental schemes that customers pay for through the electricity bills
Every state will have a different rate but ultimately, the price hike is due to 10 years of policy failure.