Australian locations with the most and least affordable energy bills

6 hours ago 4

New research reveals the states and territories with the highest and lowest energy bills. South Australia has the highest energy bills in Australia, new research reveals, as rising prices continue to put further strain on household budgets. The analysis from energy comparison service iSelect shows there is a gap of $900 per year between the states and territories with the most affordable bills and those facing the most significant financial pressure. Its Australian Energy Affordability Index combines average household energy costs with median earnings in each state and territory then factors in the Consumer Price Index (CPI) for each capital city to reflect broader cost-of-living pressures. South Australia ranked worst, with an index score of 0. Households were spending 3.41 per cent of their roughly $5633 monthly income on energy bills – the highest in the country. It also recorded the highest energy prices, with a monthly average bill of $192 per household. Combined with it having the highest CPI of any capital city, the research found South Australians were experiencing the greatest overall cost of living pressures. iSelect utilities general manager Julia Paszka said rising cost...

Read Entire Article