Australians are being told to expect changes to their power bills as renewable energy takes the place of coal-fired plants.

Residents will see a short-term price spike next year when AGL Energy’s coal-fired plant closes.

The cost increase will then be reversed the following year as green power fills the gap.

Australian Energy Market Commission modelling shows bills will rise by about $20 between 2022 to 2023 – before dropping by $92.

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