Why Australian power bills are rising despite price cuts

Australian electricity prices have increased for many customers from 1 July despite regulators announcing price cuts, with energy companies like Origin, AGL and Energy Australia changing how charges are calculated, resulting in higher daily connection fees. The Australian Energy Regulator explains that most customers on market contracts can find better deals by shopping around using comparison tools like Energy Made Easy. Coal-fired power stations are ageing and breaking down more frequently, with renewable energy sources like rooftop solar now representing the largest source of electricity capacity in Australia's national energy market.See omnystudio.com/listener for privacy information.