Australia's three major energy companies—Origin, Energy Australia, and AGL—generated over $2.2 billion in profits last year while household energy bills have surged dramatically. A Climate Council report reveals that gas prices have skyrocketed since Australia began exporting gas offshore, causing wholesale electricity prices to spike. The 'loyalty tax' costs Australian households an average of $220 extra annually, with South Australians paying up to $400 more per year for staying with their current energy provider.

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7News Just In

Energy giants pocket billions as bills soar

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