Price changes from 1 July 2023
Each year our electricity prices are regulated and set by the Queensland Competition Authority (QCA). A number of factors impact the prices which are set and we are required by the Electricity Act to charge these notified prices.
The Queensland Government subsidises the price of electricity for regional Queenslanders to ensure we are on par with other parts of the state, given the vast geographic distances to deliver electricity across regional and remote Queensland.
This year, we have seen an increase in the prices handed down by the QCA. The rise in electricity costs are the result of increasing volatility in wholesale electricity costs caused by a range of factors, including unplanned generator outages and higher coal and gas prices.
From 1 July 2023:
- The bill for a typical small business on Tariff 20 has been increased by 26.8% or around $511 a year
- Typical large customers on Tariff 44, Tariff 45 or Tariff 46 are expected to pay around 7.5% - 16.7% more for electricity in 2023-24.
We’re committed to being 100% transparent with you for one very strong reason, we’re Queensland owned. It’s your energy.
What you can do
We know using electricity in your business is a part of everyday life. Here are some tips to help you with the upcoming changes:
Manage your business
Manage your business account online anywhere, anytime with My Account. Log in today.
Save on your bill with our energy tips
Just a few small changes in how you use electricity in your business can make a real difference to your power bill. We have a wealth of energy saving tips for businesses on our website.
Break up your bill
Direct Debit gives you the flexibility to pay your bills weekly, fortnightly, monthly or quarterly. You can setup Direct Debit using our online form.