A new report suggests Australian households should expect electricity prices to to ad $78 a year to energy bills from next year because of decisions to close coal fired power stations.
The Australia Energy Market Commission says the closures are partly a response to the changing generation mix in the power system.
It comes as Federal, State and Territory energy ministers are scheduled to meet in Melbourne today. (wed)
Speaking on the ABC, Victoria's Energy Minister, Lily D'Ambrosio criticised the monopoly power companies price gouging when it comes to energy bills：
"Victoria has been pushing now for more than a year, that we need to revise the rules, to stop the monopoly power companies from actually price gouging, not accepting the umpire's decision and appealing, and what that has meant in the last few years is billions of extra dollars that these monopoly power companies have been able to receive from ordinary families, from businesses that otherwise would not have had those significant price increases."
