March 24, 2021
The State Government says power prices for regional Queensland households look set to drop from July 1.
On Wednesday, the Queensland Competition Authority (QCA) published its draft determination for regulated retail electricity prices for 2021-22.
Premier Annastacia Palaszczuk said it would be the biggest cut for households in more than a decade.
“For the fourth year in a row, the QCA has flagged that 2021-22 regional electricity prices are set to fall,” the Premier said.
“Typical regional households are set to see their biggest cut in more than a decade – saving 8.6 per cent or $119, and small businesses are on track to save 5 per cent or $109 per year.”
The draft determination is still subject to consultation and a final decision by the QCA.
Energy Minister Mick de Brenni said the QCA noted that predicted price drops were largely due to cheaper and cleaner energy generation from renewable sources.