26 September 2023

Regions light up for power prices

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Regional customers of electricity suppliers are to have 11 new retail tariffs to select from in November this year and January next following the final determinations issued by the Queensland Competition Authority (QCA).

Chair of the QCA, Flavio Menezes said two Ministerial delegations had been issued, asking the QCA to set 11 additional regulated retail tariffs to be introduced in regional Queensland.

“We have released one determination for the two reviews,” Professor Menezes said.

“It combines the final notified prices for 11 new retail tariffs, comprising a suite of eight small customer retail tariffs and three large customer retail tariffs,” he said.

“This includes retail tariffs for three new load control tariffs developed by Energex and Ergon Distribution at the network level.”

He said customers would have access to the three load control tariffs from 1 November and to the additional eight tariffs from 1 January 2021.

Professor Menezes said it was important to note the determination did not otherwise affect the existing tariff schedule or prices, and all new tariffs would be offered on an opt-in basis only.

He also encouraged interested customers to contact Ergon Energy Retail for more information and to check whether the new tariffs were suitable for them, given their individual needs and circumstances.

“The prices for these additional tariffs have been 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,” Professor Menezes said.

The 29-page final determination, including prices, can be accessed at the QCA website at this PS News link.

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