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What the increased default market offer means for electricity prices

Grattan Institute

CHAPTER

The Effect of Market Intervention on Electricity Prices

We've seen a lot of households in the past few years increasingly focusing on electrification and switching out some of their gas appliances for potentially more efficient electric appliances. Should these high electricity prices be making consumers wary of making that switch for their homes? I think the thing to remember is that gas prices are going up as well. Whichever way you go for the next couple of years, you're probably going to be paying prices that are much higher than the long run average because we are in an extraordinary situation.

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