Energy regulator approves power price rise

Australians could be in for power bill shock after the Australian Energy Regulator ticked off a five per cent increase to the base price of energy.

It comes into effect from July 1.

“It’s mostly as a result of our dependence on coal, in particular, but also gas,” Mark Ogge, principal advisor of Climate and Energy at The Australia Institute, told 3AW Drive.

Press PLAY below to hear him explain what’s driving the price up

Picture: Getty iStock