What the increased default market offer means for electricity prices
Grattan Institute
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The 20% Increase in the DMO for Wholesale Gas and Electricity
The DMO is in many cases not the lowest price that a retailer will offer. If you do look around, there are often better deals, but it gives you that cap on what the default price can be. I want to move on now to the AR's decision. We've heard about this 20 to 22% increase in the DMO for this coming financial year. And does this suggest that the Albanese government's intervention with the price caps on wholesale gas and electricity aren't working the way we wanted them to? This is the second year where we've seen the wholesale component of electricity being a driver of price increases more so than we've seen in the past. So we go right
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