Electricity bills are based on a consumption charge (cents/kWh) for the amount of electricity used, plus a daily service fee of cents per day. These should be listed on your bill.
The type of contract you're on may also determine costs.
A flat rate tariff (Tariff 11 in regional Queensland) is the most common tariff for residential customers but other options are available.
This guide explains electricity prices and the tariff structures, and how your bill is determined.
The Queensland Competition Authority (QCA) has released its final determination for regulated retail electricity prices for 2016–17. The regulated electricity prices set by the QCA will only apply in regional Queensland.
The Government is considering how competition in regional Queensland can be improved to allow customers in regional Queensland to reap the benefits that strong competition can provide.
The final determination is available on the QCA website.
The Queensland Productivity Commission (QPC) has conducted an inquiry into electricity pricing in Queensland to recommend ways to boost productivity, economic growth, living standards and jobs.
The QPC released its final report with 52 recommendations relating to all major aspects of the electricity sector in Queensland. The report is available on the QPC website.
The Government has accepted the majority of the Commission’s recommendations and provided its response to the final report (PDF, 2.1MB).
Some recommendations have already been implemented, including the recommendation to proceed with price deregulation in South East Queensland, and improvements in retail competition are already being observed with new retailers entering the market.
The QPC recommended the Government further investigate what can be done to extend competition to regional Queenslanders, and the Government is undertaking further work on this.
Two initiatives to improve outcomes for low income customers and support regional businesses will be delivered in response to the QPC recommendations:
$170.1 million will be provided over four years to extend the Electricity Rebate to Commonwealth Health Care Card (PDF, 422.0KB) holders and asylum seekers, providing support to around 160,000 extra low income families.
Newly eligible customers can apply to their retailer for the rebate from 1 April 2017, with payments back-dated to 1 January 2017.
Existing recipients of the rebate – e.g. Queensland Seniors Card, Pensioner Concession Card and Department of Veterans Affairs Gold Card holders – will maintain their eligibility.
$10 million will be provided over two financial years to implement a package of support for regional business customers to deliver better access to digital metering, more information about tariff options and co-contributions to help customers invest in operation and equipment changes to manage bill impacts.
Deregulation of retail electricity prices in South East Queensland (SEQ) commenced from 1 July 2016. This means the QCA will no longer regulate retail electricity prices for residential and small business customers in SEQ. Instead, retailers will publish their market and standing offers online and on the Australian Energy Regulator’s independent price comparator website, Energy Made Easy, where customers will be able to compare and evaluate available product offerings. This reform will stimulate retailers to set competitive prices and offer SEQ customers a greater range of products and services. SEQ customers can use our electricity consumer education campaign to start electricity shopping and start saving now.
The decision to commence price deregulation in SEQ follows the release of recommendations in the draft report of the Queensland Productivity Commission's Electricity Pricing Inquiry. Customers in the deregulated market will continue to be supported by increased consumer protections under the National Energy Customer Framework (NECF).
In line with the Commission's recommendations, the Queensland Government has launched a comprehensive education campaign to ensure customers in SEQ have the knowledge and understanding they need to properly engage with the deregulated market. In conjunction with other stakeholders, we will monitor the effects and trends associated with price deregulation in SEQ on an ongoing basis, and in particular any impacts on vulnerable customers.
For further information contact 13 QGOV (13 7468).