{"id":327107,"date":"2025-12-04T12:11:08","date_gmt":"2025-12-04T12:11:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/327107\/"},"modified":"2025-12-04T12:11:08","modified_gmt":"2025-12-04T12:11:08","slug":"why-electricity-prices-could-rise-by-up-to-20-per-cent-in-the-next-decade-unless-urgent-action-is-taken","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/327107\/","title":{"rendered":"Why electricity prices could rise by up to 20 per cent in the next decade unless urgent action is taken"},"content":{"rendered":"<p>Electricity prices across <a href=\"https:\/\/www.9news.com.au\/national\" target=\"_blank\" rel=\"nofollow noopener\" title=\"Australia\">Australia<\/a> could rise by up to 20 per cent in the next decade unless urgent action is taken, a report warns.<\/p>\n<p>Aussies could be hit with a 13 per cent increase in electricity prices between 2030 and 2035 if renewable projects are not delivered at a faster pace, the Australian Energy Market Commission&#8217;s (AEMC) said today.<\/p>\n<p>In a worst-case scenario, the report claims delays to specific wind and transmission projects could increase prices by up to 20 per cent, and that prolonging the life of coal-fired power stations to meet any shortage would also drive up prices due to the risk of outages.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/https:\/\/prod.static9.net.au\/fs\/388522ff-06b6-4326-95c0-00482a558452.jpeg\"   alt=\"electricity bill save money switching\"\/>Delays in renewable projects could see prices rise by up to 20 per cent. (Getty)<\/p>\n<p>&#8220;The risk of prices rising after 2030 only emerges if we slow down renewable deployment just as coal plants retire,&#8221; AEMC chair Anna Collyer said.<\/p>\n<p>&#8220;This is a timing challenge, not a technology cost issue.&#8221;<\/p>\n<p>However, the report said residential electricity prices could fall by around five per cent in the next five years due to renewables growth.<\/p>\n<p>It stresses this does not necessarily mean bills will fall by the same amount, only that the cost per kilowatt-hour of energy used could drop.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/https:\/\/prod.static9.net.au\/fs\/81ae8c03-0916-497c-875d-dadc437b20c8.jpeg\"   alt=\"Unidentified electrician performing installation of solar panel on house roof using cordless screwdriver\"\/>Homeowners are being told to consider electrifying their energy use sooner, including switching to solar panels. (Getty)<\/p>\n<p>The impact also differs between states and territories; NSW will see electricity costs drop by 0.6 per cent per year to 2035, but Victoria and Queensland will see a rise of 1.7 per cent.<\/p>\n<p>Policymakers need to reduce barriers to rolling out the renewable transition, according to the report, but also said individual households can help themselves by electrifying their energy use.<\/p>\n<p>Using electric vehicles, solar panels and home batteries are all helpful methods, the report said, saving Aussies thousands of dollars a year.<\/p>\n<p>&#8220;The energy transition requires action on multiple fronts,&#8221; Collyer said.<\/p>\n<p>&#8220;But the fundamental message remains consistent: with the right pace of renewable investment and enabling households to electrify, we can deliver an affordable energy transition.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Electricity prices across Australia could rise by up to 20 per cent in the next decade unless urgent&hellip;\n","protected":false},"author":2,"featured_media":327108,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-327107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/327107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=327107"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/327107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/327108"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=327107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=327107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=327107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}