📋 Tender Overview
JOINT STATEMENT
Premier and Minister for VeteransThe Honourable David Crisafulli
Treasurer, Minister for Energy and Minister for Home OwnershipThe Honourable David Janetzki
Pass it on: Push for power prices to fall as Energy Roadmap delivers
The Crisafulli Government is demanding energy retailers pass on full savings from the Australian Energy Regulators final Default Market Offer (DMO) to every South East Queensland household and business.
The final DMO confirms power costs will fall by up to 10.7 per cent for households and up to 14 per cent for small businesses next financial year - the biggest power bill reductions in over a decade.
South East Queenslanders are in line for largest drop in power costs, outstripping both South Australia and New South Wales.
The Crisafulli Governments Energy Roadmap is delivering affordable, reliable and sustainable energy for Queensland, after a decade of skyrocketing power bills under Labor.
Crisafulli Government now advocating for similar decision for regional Queensland due in a matter of weeks.
The Crisafulli Government is demanding energy retailers pass on the full savings from the Australian Energy Regulators final Default Market Offer (DMO) to every household and business in South East Queensland.
Todays final DMO has confirmed power costs will fall between 7.2 and 10.7 per cent for households and between 10.4 and 14 per cent for small businesses next financial year, with the Crisafulli Governments Energy Roadmap contributing to the power price relief - the largest bill reductions in over a decade.
South East Queenslanders are in line for the largest drop in prices - if the energy retailers pass on the savings in full - outstripping both South Australia and New South Wales which are also subject the DMO.
Its just one of the ways the Crisafulli Government is delivering affordable, reliable and sustainable power for Queenslanders, after power bills skyrocketed 19.9 per cent in a year under the former Labor Government.
The Crisafulli Government is continuing to advocate for similar bill reductions in regional Queensland, with the final pricing decision due in coming weeks.
The AER attributed the price drop to easing costs across the energy supply chain, including lower retail operating costs, and wholesale energy costs - reflecting Queenslands diversified mix of existing coal and gas generation assets along with new generation and storage.
Premier David Crisafulli said the Governments Energy Roadmap was starting to ease power price pressures and urged energy retailers to pass on the lower costs to Queenslanders.
We made a commitment to Queenslanders wed do everything we could to put downward pressure on power prices and this is proof our Energy Roadmap is working, Premier Crisafulli said.
This is proof we have the State heading in the right direction for the first time in a long time.
We are now asking the energy retailers to ensure every household and business receive these savings in their power bills.
Treasurer David Janetzki said the Crisafulli Governments Energy Roadmap was putting downward pressure on power prices by boosting supply and storage, strengthening reliability, and driving a more efficient energy system.
In a world of global uncertainty and ongoing volatility in energy markets, this result shows Queensland is well placed to deliver more affordable power through the Crisafulli Governments Energy Roadmap, Treasurer Janetzki said.
With our state-owned coal units running hard, we have some of the lowest power prices in the NEM while also exporting energy to keep the lights on in southern states.
Ive again today written to the CEOs of our energy providers, calling on them to ensure savings are reflected in Queenslanders power bills.
The Crisafulli Government is doing its bit to put downward pressure on power bills, and it is now up to retailers to ensure savings are passed to households and businesses. There is no excuse.
After years of bill shock, including prices jumping by nearly 20 percent in a single year due to the former Labor Governments failure to properly maintain power plants, Queenslanders should now see real relief flow through to their bills, he said.
By properly maintaining our generation assets through our Electricity Maintenance Guarantee and boosting private sector investment in new generation and storage, were putting downward pressure on power prices, just as we said we would.
Our Roadmap backs a pragmatic approach with coal for longer, more gas and private sector investment into renewables underpinning an affordable and reliable energy system.
The Roadmap saves the average Queensland household 1035 a year that they would have paid under Labor and the former governments 36.8 billion Pioneer-Burdekin pumped-hydro pipedream.
The Default Market Offer sets the maximum price retailers can charge households and small businesses on standing offer contracts and applies to customers who havent actively chosen an electricity plan.
ENDS
MEDIA CONTACT: Renee Smith, 0419 404 180.
