Electricity prices expected to buck the trend and decrease in south east queensland 20161214 p5v1ve.html – Breaking News & Latest Updates 2026
Advertisement
Advertisement
This was published 9 years ago

South-east Queensland electricity prices set to buck the trend and decrease

AAP

Powered by
Household bills in Brisbane. (AAP file image)

Household bills in Brisbane. (AAP file image) 

South-east Queensland residents will watch their power bills fall by $100 on average next financial year, bucking the national trend of rising energy prices.

The deregulation of the energy market, coupled with decreases in the Solar Bonus Scheme, means that the region's energy prices are expected to fall by 1.5 percent annually on average over the next two years, according to the Australian Energy Market Commission (AEMC).

Advertisement

READ MORE: Electricity bills to rise by $78 a year on average across Australia

The average annual regional bill of $1370 for the current year is predicted to fall by almost $100 next year, before a slight increase again to $1330 by 2018/19.

Tasmania is the only other state expected to experience a fall in prices, with New South Wales and Victoria both predicted to increase by about four percent.

Prices are rising nationally due to the closure of the Hazelwood power station in Victoria, but the decrease in the cost of the Queensland's solar bonus scheme more than offsets the impact on Queensland consumers.

AEMC Chairman John Pierce said that household usage would ultimately affect bills. 

"No two households use energy in the same way. Knowing how much power you use and when, will be the key tool in controlling electricity costs in the future," he said.

email icon

Contact us

Share a tip-off, video or photo with us

Most viewed in Australia

More to explore