On Monday, Victoria also updated its own DMO.

How much are the increases for residences?

In South Australia, price hikes will affect households without controlled loads by 3.2 per cent, while those with controlled loads will see a 2.3 per cent increase.

The Australian Energy Regulator has verified that from July, electricity prices will rise in various states, including up to 9.7 per cent for households in NSW. Source: SBS News

AER chair Clare Savage said the price hikes are “not welcome news”.

Domestic customers in Victoria will pay about 1 per cent more than last year.

What about small businesses?

Those in NSW will face increases of 7.9 per cent to 8.5 per cent.

Small business customers based in south-east Queensland will witness increases of 0.8 per cent, and those in South Australia will be hit with a 3.5 per cent hike in prices.

And small businesses in Victoria will pay around 3 per cent more.

Contact your retailer for a better offer

“At least every 100 days, your retailer must tell you on the front page of your bill if they can offer you a better deal.”