Power prices Australia: Energy bosses warn households will face a decade of rising bills

Australian households are set to struggle with rising power prices for the next decade, although there could be some much-needed relief in the long run, major energy bosses have warned.

The Australian Energy Council (AEC), the peak body whose members include power giants AGL, EnergyAustralia and Origin, today released a discussion paper based on a survey of industry chief executives, examining the country's energy transition.

Chief among the concerns raised in the report is affordability, with one unnamed executive warning customers are likely to see another 10 years of rising bills.

"My feel is that bills will increase for at least the next decade, given the scale of capital being deployed in the industry," they said.

"I think it's the calm before the storm, and I think the s