On the 14th June 2014, Ross Gittins, economics editor from the Sydney Morning Herald has published a very good article on why electricity prices will continue to rise in Australia. He points out the role the regulator in ensuring that electricity supply companies will continue to receive their return on investment. The take home comment is "when monopoly businesses that are guaranteed a certain rate of return suffer a loss of demand, the regulator has to allow them to restore their profitability by raising their prices".
There is no indication that prices are going to fall. Start reducing your electricity consumption now with future prices rises in mind.
Have you done everything you can to reduce your electricity (and gas) wastage to combat rising energy prices?