Territorians will have to shell out an additional 2.7 per cent on their electricity bills, and on water and sewage, from Friday, the government has announced.

Water and sewage prices will also increase by the same amount.

Treasurer Eva Lawler told Budget Estimates the a yearly increase would be $90 for a typical household that pays a monthly electricity bill of $300.

She said the government has been subsidising power costs for Territorians by more than $123 million annually.

“Labor came to government with a commitment to keep power price increases at or below CPI and this year will increase regulated utilities tariffs by 2.7 per cent, less than the Darwin CPI of 5.5 per cent,” Ms Lawler said.

“Government continues to assist those who need it most, with pensioners and carers able to access the NT Concession Scheme and NT Senior Recognition Scheme, providing financial assistance in 2022-23 of $10.3 million for electricity and $5 million for water and sewerage.

The latest Territory budget sees Power and Water Corporation’s community service obligation payments totalling $91.7 million in 2021-22, and are projected to drop to $84.7 million in the following financial year. The decline in CSO payments reflects a decrease in network costs for retailers.