Home Blog World News Australia politics live: household energy bills to fall up to 10% in July as renewables, batteries soar; WiseTech staff face AI redundancy | Australia news
Australia politics live: household energy bills to fall up to 10% in July as renewables, batteries soar; WiseTech staff face AI redundancy | Australia news

Australia politics live: household energy bills to fall up to 10% in July as renewables, batteries soar; WiseTech staff face AI redundancy | Australia news


Household energy bills drop up to 10% across parts of east coast

The government says household standing offer time of use prices will fall between 1.1% and 10.7% in South Australia, NSW and south-east Queensland, under the latest default market offer over the next 12 months.

The DMO – which is the maximum price energy retailers can charge electricity consumers on default plans (known as standing offer contracts) – shows small business standing offer time of use prices are set to fall by between 12.1% and 20.9%.

Chris Bowen will be out and about this morning to spruik the drop in energy bills which comes as the nations main energy grids recorded over 50% renewable generation at the end of last year for the first time.

Labor says the 2026-27 DMO – which will come into effect on 1 July – will for the first time better protect households and ensure consumers “pay a price that better reflects the actual costs of supplying electricity”.

The benchmark price will down in NSW between $66 and $137, down $155 in Queensland, but up $33 in South Australia.

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Updated at 22.45 BST

Key events

Resources minister dismisses BHP leaked memo

Madeleine King has dismissed the joint investigation by Guardian Australia and the ABC’s four corners program into a leaked internal memo from the world’s largest miner, BHP showing it has halted or delayed projects to cut vast amounts of emissions.

The internal documents show the giant has quietly considered options to push major climate investments in its Western Australian iron ore operations into the next two decades.

Sally Sara asks King if she’s concerned about the reporting, but King shrugs it off.

double quotation markBHP is committed to cutting emissions. They will make their commercial decisions, as do others. BHP and other miners are subject to the safeguard mechanism.

Sara asks again if there are any concerns from the government over the revelations. King replies:

double quotation markNo, because they’re doing their job.



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