The Australian Energy Market Commission (AEMC) has released a comprehensive review of the future of electricity prices across Australia.
You can see that report HERE
Why does this matter to you? You can reduce the impact of the price rises by generating your own electricity and using that. This reduces your demand on the grid, and you are sheltered from the power price rises.
Scope of the report (from AEMC site)
This report sets out likely future trends in residential electricity price movements in Australia, and the drivers behind those trends. To identify the trends, we have projected prices for one, flat rate, electricity tariff type. Accordingly, the projected residential electricity prices are not the same as the regulated retail tariffs set by jurisdictional regulators or Governments. They are not a definite forecast of future residential electricity prices.
For each jurisdiction and at a national level, this report adopts indicative prices for a base year 2010-11 and projects prices for the three financial years from 2011-12 to 2013-14.
Assumptions adopted in projecting residential retail electricity prices
The projected residential electricity prices in this report:
are for standard supply arrangements only. We understand that in some jurisdiction more than 50 per cent of customers are supplied under market arrangements; and assume certain consumption levels for a residential customer in each distribution area.
However, it is expected that the trends identified in this report would also apply to those customers on other supply arrangements and with different consumption levels.
Data in this report has been sourced from existing retail pricing decisions by jurisdictional regulators and Governments where possible. The network (transmission and distribution) components have been provided by the Australian Energy Regulator based on existing network determinations and assumptions of the annual consumption of residential customers for each distribution and transmission network. Where data was not available it was estimated.