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Electricity prices are set to soar come July 1. Here's how can save some money, while staying warm. : Energy prices and the cost-of-living crisis are putting an unprecedented squeeze on Aussie households. And electricity prices are only set to rise. This week the Australian Energy Regulator confirmed prices will go up between 20 and 25 per cent from July 1 — higher than forecast in March. Electricity prices will rise between 19.6 per cent and 23.9 per cent in NSW, SA and south-east Queensland, and in Victoria, the Essential Services Commission will lift prices by 25 per cent.