{"id":111361,"date":"2015-06-19T04:44:01","date_gmt":"2015-06-18T18:44:01","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=111361"},"modified":"2020-11-23T18:13:55","modified_gmt":"2020-11-23T08:13:55","slug":"electricity-costs-flatten-out","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2015\/06\/19\/electricity-costs-flatten-out\/","title":{"rendered":"Electricity Costs Flatten Out"},"content":{"rendered":"<p><figure id=\"attachment_99883\" aria-describedby=\"caption-attachment-99883\" style=\"width: 200px\" class=\"wp-caption alignright\"><a href=\"http:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2015\/03\/curtis-pitt.jpg\"><img loading=\"lazy\" src=\"http:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2015\/03\/curtis-pitt.jpg\" alt=\"\" title=\"Curtis Pitt\" width=\"200\" height=\"350\" class=\"size-full wp-image-99883\" srcset=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2015\/03\/curtis-pitt.jpg 200w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2015\/03\/curtis-pitt-171x300.jpg 171w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/a><figcaption id=\"caption-attachment-99883\" class=\"wp-caption-text\">Treasurer Curtis Pitt<\/figcaption><\/figure><strong>June 18, 2015<\/strong><\/p>\n<p>Electricity prices will stabilise in 2015-16 following a determination today by the Queensland Competition Authority (QCA), the body which sets the price electricity companies can charge consumers.<\/p>\n<p>Treasurer Curtis Pitt and Minister for Energy and Water Supply Mark Bailey said the flattening of prices after a 43 per cent increase in average power bills over the last three years would be a welcome relief for households and small businesses.<\/p>\n<p>&#8220;Small businesses will save between $73 and $135 on annual power bills, depending on their level of energy use and the tariff they are signed up to,&#8221; Mr Pitt said.<\/p>\n<p>&#8220;We know that a lot of households have been struggling to make ends meet with the massive power price hikes they had to endure under the LNP.<\/p>\n<p>&#8220;Seeing a small reduction &#8211; rather than an increase &#8211; will provide some relief to family budgets.&#8221;<\/p>\n<p>Under the QCA\u2019s new price determination, the average Queensland household will see a reduction in their power bill of around 0.5 per cent starting from July 1.<\/p>\n<p>&#8220;Farmers and irrigators on transitional business tariffs will remain at the same price as 2014-15, after seeing rises of 10 per cent a year under the LNP\u2019s watch,&#8221; Mr Bailey said.<\/p>\n<p>But while the majority of households would benefit from lower power bills, some customers may still see an increase.<\/p>\n<p>&#8220;The QCA\u2019s increase to the supply charge will impact on some customers using a small amount of electricity, but this will be offset by a significant reduction in consumption charges, which are the main component of bills for most customers,&#8221; Mr Bailey said.<\/p>\n<p>&#8220;We welcome the QCA decision and the savings it will deliver Queenslanders.&#8221;<\/p>\n<p>The Queensland Competition Authority\u2019s final determination for 2015-16 electricity prices is <A HREF=\"http:\/\/www.qca.org.au\" TARGET=\"_blank\"><B>available online<\/B><\/A>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electricity prices will stabilise in 2015-16 following a determination today by the Queensland Competition Authority (QCA), the body which sets the price electricity companies can charge consumers.<\/p>\n","protected":false},"author":3,"featured_media":277865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - 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