Lower Electricity Bills on the Way for Half a Million Households The Essential Services Commission (ESC) has announced that more than half a million Victorian households will see their electricity prices drop by an average of $84 next financial year, while small business owners can expect to save around $241.
This reduction is welcome news for those struggling with cost of living pressures in the state. Wholesale electricity costs have declined significantly, according to the ESC's final decision paper.
Global fuel supply disruptions, including those caused by the ongoing conflict in Iran, have had a mixed but generally mild impact on future electricity contracts.