11 June 2021
The Queensland Competition Authority (QCA) released its final determination of regulated retail electricity prices for regional Queensland to apply in 2021–22.
QCA Chair Professor Flavio Menezes said that this year the prices for most tariffs will be lower, including all the main residential and small business tariffs.
“The reductions in tariffs are mainly due to projected decreases in retail and energy costs,” Professor Menezes said.
“Overall, the prices result in a 7.3 per cent decrease in the annual bill for a typical customer on the main residential tariff (tariff 11) and a 3.7 per cent decrease for the typical customer on the main small business tariff (tariff 20). But these bill impacts are indicative and will vary for individual customers, based on their level of electricity usage.
“The annual bill for a typical customer on the main regulated residential tariff is projected to decrease by $101, from $1,372 to $1,271. For the typical customer on the main regulated small business tariff, the annual bill is projected to decrease by $79, from $2,164 to $2,085.”
Professor Menezes said it is important to note prices are set in accordance with the Queensland Government’s uniform tariff policy, which means most regional customers pay less for electricity than it costs to supply them.
The prices are available only to standard contract customers in regional Queensland.
Media enquiries: Cole Lawson Communications, 0499 770 147.View project