<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Electricity prices across </span><a href="https://www.9news.com.au/national" rel="" target="_blank" title="Australia"><span>Australia</span></a><span> could rise by up to 20 per cent in the next decade unless urgent action is taken, a report warns.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Aussies could be hit with a 13 per cent increase in electricity prices between 2030 and 2035 if renewable projects are not delivered at a faster pace, the Australian Energy Market Commission's (AEMC) said today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Their modelling predicted delays to wind and transmission projects could increase prices by up to 20 per cent, and that prolonging the life of coal-fired power stations to meet any shortage would also drive up prices due to the risk of outages.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/one-shot-dead-two-injured-shooting-in-nsw-northeastman-remains-on-the-run/a5e45b85-75bf-4192-8531-e0a258148712" rel="" target="_blank" title=""><strong><span>Detectives point to possible motive behind deadly shooting</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The risk of prices rising after 2030 only emerges if we slow down renewable deployment just as coal plants retire," AEMC Chair Anna Collyer said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"This is a timing challenge, not a technology cost issue."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, the report said residential electricity prices could fall by around five per cent in the next five years due to renewables growth.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/australia-electricity-prices/7b7b09de-7fd9-4e41-ac46-23b63631bbf3" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It stresses this does not necessarily mean bills will fall by the same amount, only that the cost per kilowatt-hour of energy used could drop.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/first-guardian-master-trust-liquidators-warning-for-investors/8fb33728-da26-45e3-809f-2609eb1b39b5" rel="" target="_blank" title=""><strong><span>Stark outlook for First Guardian investors as $336k Lamborghini, brewery sold</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The impact also differs between states and territories; New South Wales will see electricity costs drop by 0.6 per cent per year to 2035, but Victoria and Queensland will see a rise of 1.7 per cent.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Policymakers need to reduce barriers to rolling out the renewable transition, according to the report, but also said individual households can help themselves by electrifying their energy use.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Using electric vehicles, solar panels and home batteries are all helpful methods, the report said, saving Aussies thousands of dollars a year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The energy transition requires action on multiple fronts," Collyer said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"But the fundamental message remains consistent: with the right pace of renewable investment and enabling households to electrify, we can deliver an affordable energy transition."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f"><em><strong><span>DOWNLOAD THE 9NEWS APP</span></strong></em></a><em><strong><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. 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