Quick Answer

Yes. The independent Tasmanian Economic Regulator has announced prices will rise by 11.88% from 1 July.

Customers’ bills made up of a number of things but the biggest drivers are network and wholesale costs.

Network costs include maintaining poles and wires.

Wholesale energy rates are what retailers pay for electricity to supply customers with.

Some retailers have announced price increases of up to 100%. Although our price rise was not as much as some, we do understand that any price increase can have a significant impact on household budgets, and we have payment support available.