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Energy price hikes from 1 July

Energy price hikes start from 1 July, here's why.

Video transcript

- From today, the 1st of July, more than half a million Australian households will start paying more for energy. Here's why. The new Default Market Offers, DMO, set by energy regulators came into force from today, meaning the maximum amount that retailers can now charge has been upped by more than $200 a year in some areas.

This is how much it's expected to increase in each state. While these hikes only apply to households on the default offer, Compare the Market spokesperson Chris Ford said retailers would start lifting their prices now that the new DMO had taken effect.

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