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Household electricity prices have risen in some states by more than 40% since 2007. The Australian Bureau of Statistics has calculated electricity price movements as an index, excluding inflation. The index shows that prices have risen more in the last few year than at any time since 1990.
Real household electricity price movements
* ABS, Consumer Price Index (Category 6401.0)
The Australian Energy Market Commission (AEMC) has projected that residential electricity prices will increase a further 37% in nominal terms by 2013/2014. When inflation is taken into account this is a rise of 22%.
AEMC has broken down the compostion of the projected national price increases excluding the carbon tax as follows: 6% Transmission, 34% Distribution, 40% Wholesale, 12% Retail, 3% Renewable Energy Target, 3% Feed-in tariffs and 2% state based energy saving schemes.
The same AEMC report, projected the following state increases for the period 2010/11 to 2013/14: New South Wales, Queensland and the Australian Capital Territory 42%, Western Australia 38%, South Australia 36%, Victoria 33%, Tasmania 25% and the Northern Territory 22%.