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28 July 2017 (TheAge) – ANZ says power bill shock to drag retail sector lower – Power bill shock to hit cash registers

(28 July 2017, The Age, BusinessDay, p16, AAP)

‘Soaring electricity prices are becoming a drag for Australia’s weakened retail sector, with the latest round of increases likely to further crimp consumer spending, an ANZ report says. The sharp increase in energy prices from July 1 will lead to the average Australian household facing a 10 per cent jump in electricity bills and a 5 per cent rise in gas bills, ANZ economists have estimated.’

Read more at TheAge.com.au

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