Yes, the impossible has happened.
Power prices may drop more than 10 per cent for households across NSW, South Australia and south-east Queensland under a draft regulator’s ruling, although the final decision partly depends on how the turmoil in global energy markets is felt here.
However, the end to government subsidies on electricity bills at the end of last year – of $75 a quarter – means many households may still face increases in power costs this year.
