Australia's three major energy retailers—Origin, Energy Australia and AGL—generated more than $2.2 billion in profits last year while household electricity bills continue to rise. A Climate Council report reveals that gas prices have skyrocketed since Australia began exporting gas offshore, with wholesale electricity prices spiking as a result. The so-called 'loyalty tax' is costing Australian households an average of $220 extra per year, with South Australians paying up to $400 more for staying with the same provider.

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<p>7News Just In is a daily podcast that brings you Australia's latest news. </p>

7News Just In

‘Loyalty’ is a dirty word when it comes to Australians paying their power bills 

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/dda3d9af-713f-48aa-ad5a-b3fb008362be/transcript