Power bills for small businesses reliant on ‘default’ energy offers are projected to rise anywhere between 15% and 33% from July this year, with regulators now urging struggling businesses to seek out government relief programs to cope with the impending bill shock.
The Australian Energy Regulator (AER) released its draft determination for Default Market Offer (DMO) prices on Wednesday, outlining benchmark prices available to households and small businesses not locked into a pricing agreement set by their energy retailer come July 1.
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Senior Business Journalist
Focused on the small business sector, David’s work covers the political, regulatory, and economic issues facing Australian entrepreneurs. Prior to joining SmartCompany, he was a reporter for Business Insider Australia. You can follow him on LinkedIn.
