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Rising Electricity Prices - How Will They Effect The Elderly Population in Australia?

The elderly population is at risk of significant harm due to the impending surge in electricity prices in several regions of Australia. The Australian Energy Regulator (AER) has recently confirmed that electricity costs will rise by as much as 25 percent from July 1, affecting New South Wales, south-east Queensland, South Australia, and Victoria. This decision will directly impact approximately 600,000 customers, particularly those who are on the default offer, which is a benchmark price aimed at mitigating price hikes for households and small businesses.

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