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Tasmania can power itself with hydro — but your electricity bill is not immune from price hikes

Tasmanians have been told to brace for the biggest electricity price hike in a decade as spiraling wholesale electricity costs impact the island state.

Energy consultant Marc White is expecting a regulated price rise of more than 10 per cent to be announced later this month, and is calling for state government intervention to keep it in the “modest” 5-to-10 per cent range.

Tasmania’s electricity system and pricing are a little different to the mainland, but the issues plaguing the rest of the nation will still have an impact.

Electricity bills in Tasmania are usually slightly less than in Victoria.(ABC: Jacqui Street)

Who sets energy prices in Tasmania?

The Tasmanian Economic Regulator sets what is called a “standing offer”, the maximum rate that consumers pay for the electricity they use.

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