We understand that higher energy prices will put pressure on households and businesses as Australians continue to face broader cost of living pressures. Any decision to change prices for our customers is based on a detailed consideration of a range of factors.
What factors impact energy prices?
Here’s what’s happening with energy prices and what we’re doing to support our customers.
Energy prices are impacted by many factors, including:
- network costs including the poles, wires and pipes used for transmission and distribution
- wholesale energy costs, which reflect the cost of producing energy
- environmental certificate costs
- retailer operating costs and margin.
These costs go into maintaining your energy supply. Network and wholesale costs make up the majority of your energy bill. A smaller portion goes towards retailing, which includes the costs involved in servicing our customers, and environmental certificate costs, which are fees we pay to meet our obligations under schemes such as the Renewable Energy Target.