Tasmania can power itself with hydro — but your electricity bill is not immune from price hikes
ABCTasmanians have been told to brace for the biggest electricity price hike in a decade as spiralling wholesale electricity costs impact the island state. Huge wholesale price increases have prompted hefty increases in NSW, South Australia and Queensland to a benchmark power price known as default market offers, by as much as 18.3 per cent. It's a wholesale market where the different states provide power to it and a national price is set based on supply and demand. Experts are also warning that national price increases mean smaller, start-up electricity retailers that buy most of their power from the wholesale market could be forced to go under, meaning less competition in the market. But State Energy Minister Guy Barnett made clear in a statement that exiting the National Energy Market would "erode investor confidence in the Tasmanian energy market and potentially jeopardise billions of dollars" in investment, including the planned Marinus Link cable.
History of this topic
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ABCDoes Australia need Tasmania to become a multi-billion-dollar 'Battery of the Nation'?
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