There are winners and losers all over Australia from the decision to shut down the nation's cheapest electricity generator.
The closure of the Hazelwood coal-fired power station will drive household bills up an average of $78 a year, but some places will see a drop.
The Australian Energy Market Commission 2016 residential electricity price trends report found wholesale energy prices will jump 36 per cent thanks to Hazelwood's shutdown next March.
"Across the national electricity market the generation mix is changing - with the large-scale renewable energy target leading to substantial investment in wind generation," commission chairman John Pierce said on Tuesday.
Western Australians face an average $205 hike in their home electricity bills over the next two years, nearly three times the national average over the same period.
Prices in Tasmania will drop by $20 over the two years, while Victorians will pay $99 more.
But Victoria's average annual residential electricity bill is $1107 - compared to Tasmania's $1920.
Southeast Queensland residents will see their bills fall by $100 on average next financial year, with the deregulation of the market and decreases in the solar bonus scheme affecting prices.
South Australians will have to pay an extra $150 a year, while NSW residents will have to pay an extra $78.
"There's a real human side to the closure of a major facility like Hazelwood, not to mention the economic supply issues that are raised," federal Energy Minister Josh Frydenberg said in Melbourne on Wednesday.
"The closure of Hazelwood will see Victoria going from an energy exporter - providing 16 per cent of South Australia's energy, six per cent of NSW's and six per cent of Tasmania's to actually becoming an energy importer at critical points of peak demand."
In November, Engie Australia chief executive Alex Keisser said the 50-year-old Hazelwood station was "no longer economic to operate".
"Engie in Australia would need to invest many hundreds of millions of dollars to ensure viable and, most importantly, continued safe operation," Mr Kesser said at the time.
"Given current and forecast market conditions, that level of investment cannot be justified."
The Victorian government copped flak for hiking coal royalties and pushing for more renewable energy, but Victorian Energy Minister Lily D'Ambrosio said it was Engie's decision to close Hazelwood.
"They're doing that because they're exiting coal generation," Ms D'Ambrosio told reporters.
"The globe is moving away from carbon intensive electricity generation."
